BlackRock's Andrew Williamson-Jones has moved from a defensive to a cyclical bias in order to positi...
BlackRock's Andrew Williamson-Jones has moved from a defensive to a cyclical bias in order to position Global Equity more sector neutral. At the start of the year, he moved defensive, buying into large-cap, dividend-paying stocks and becoming overweight in telecoms and food beverages. However, since March, the manager has reduced this quality bias in favour of oil and cyclical stocks, making the fund broadly sector neutral, and focusing on two main themes - wind turbine manufacturers and China. The £91m fund sits eighth out of 144 in the IMA Global Growth sector over three years, outp...
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