Brown Advisory raids 'ready-to-buy' list for Global Leaders fund

Shares in three companies purchased

Brown Advisory’s Global Leaders fund saw opportunities to invest in companies it had had on its 'ready-to-buy list' for years as global stockmarkets fell amid the spread of Covid-19 in March and April.

Co-manager Mick Dillon said the fund snapped up shares in three companies within the space of three weeks at the end of March and beginning of April, after adding just one new holding in 2019. Dillon said the fund's quiet year for portfolio turnover in 2019 "was not for the lack of trying; it was from lack of opportunity". Somerset Capital Management launches 'future leaders' emerging markets fund However, those opportunities started to show up just three months into 2020, as stocks were indiscriminately sold off on fears over what damage prolonged global lockdowns would do to indu...