BarCap’s RADAR fund adds heavy overweight to US

Barclays Capital’s Research Analysis Driven Absolute Return (RADAR) fund has introduced an exposure to US equities, reflecting the group's bullish view on the market.

The fund's management team has made a 28.3% allocation, believing the fiscal problems in Europe will have less impact on the US than other regions. The move takes the fund's equity exposure to 69.3%.

Nathan Bance, a director of UK Investor Solutions at Barclays Capital, says the bank belives the recent sell-off seen across global markets was driven by fear rather than fundamentals.

"May was a very troubled month in the market with news such as Germany banning the short selling of bonds and some financial stocks leading to market turbulence," he says.

"However, Barclays Capital Research continues to hold a cautiously bullish view on markets driven by economic fundamentals continuing to help the case for further rises in risk assets.

"Also contributing to the allocation calls was the Research view that the fiscal issues within Europe were likely to push back monetary tightening at key Central Banks."