Euro Opps benefits from defensive positioning

Robertson's large-cap shift in 2006 helped weather storms, and he is seeking cheap quality stocks during downturn

Edinburgh Partners' European Opportunities fund has benefited from its defensive position in recent months, after increasing large-cap exposure back in 2006. The e152m fund, headed up by Dale Robertson, aggressively reduced its small- and mid-cap exposure, creating a defensive position that bolstered returns during recent market volatility. Robertson said the small- and mid-cap focus was slashed from 70% to 20% in the 30-stock concentrated portfolio, which launched in April 2004. The fund is run with a bottom-up investment approach that identifies undervalued stocks with a five-year v...