Andrews to persist with commodities despite recent correction

S&W manager sticks with 17% resources position despite underperformance, believing current falls in commodities prices are short-term corrections

An overweight resources position has dragged down recent performance on the Smith & Williamson Far Eastern Growth Trust but manager Jane Andrews is confident commodity prices will continue to rise in the long term. Despite taking some profits in Australian companies, Andrews is sticking with her 17% resources position, believing the current falls in commodities prices are short-term corrections. She also holds companies in the sector she feels are potential takeover targets. The fund is top of the Asia Pacific inc Japan sector over three years to 28 July, returning 32.5% bid to bid co...