Energy and industrial stocks boost US funds

Demand from China boosts US funds over three years, although managers display differing calls on strength of American consumers

Portfolios with high weightings in energy and industrial stocks have outperformed in the North American sector due to demand from emerging economies, according to fund managers. However, while some of the best-performing managers said an overweight position in the American consumer has benefited their portfolios, others believe being underweight in consumer discretionary and financial sectors has helped their funds. Neptune's Felix Wintle said his US Opportunities fund has played industrials and metals over the past three years and, in general, consumer discretionary has been one of his b...