Part of the June equity market rally was driven by growing investor expectation of a July rate cut in the US, which we believe is overdone.

Waste management and healthcare among big topics

Fund to be renamed the Prusik Asia Emerging Opps fund

Headwinds in the most unexpected places

Conscious of the vast risk of value traps

Real issues with competition

Whole investment team moving over

Picture the scene. Concerned about the strength of the US dollar, President Donald Trump meets with world leaders to seal a deal to further US interests.

A bull market in US equities that has run for more than a decade, and generally low volatility over the years, may give investors the impression the ride will never end.

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