Strategic bet to stay out of 'overvalued' India and China now paying off for group as these markets suffer major corrections in recent months
A long-term defensive bet is paying off for the Lincoln Far East Trust, with many of the runaway markets of last year currently suffering corrections. The vehicle suffered badly during the emerging markets boom with zero holdings in India and underweight in China. But this strategy has subsequently seen the vehicle move from fourth to top quartile over the past six months as these regions have turned down. The £240m fund is outsourced to Mondrian Investment Partners and headed up by Fiona Barwick, with support from Lincoln senior analyst Stuart Tyler. Mondrian runs the fund with a def...
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