Burvill notices first signs of capitulation selling

Long-standing Gartmore Cautious Managed boss believes there is scope for a market rally and is adjusting equity exposure accordingly

Gartmore's long-standing manager Chris Burvill has maintained a strong track record in the increasingly competitive Cautious Managed space. The number of funds in the sector has tripled over the last five years, but Burvill said he believes his investment approach differentiates him from the rest of the pack. "We believe the onus is on new funds to prove they have something to add. The original format of the cautious managed fund has stood the test of time and we do not see anything inherently wrong either with a traditional asset allocation or the types of securities we hold," he said....