RWC trio stay firm despite market falls

Ex-Schroders trio unfazed by events in Middle East and Japan

The income team at RWC Partners is holding firm on asset allocation decisions in the face of macro headwinds including the unrest in the MENA region and the earthquake in Japan. While many managers rushed to sell risky assets or deployed cash in a bargain-hunting spree, Ian Lance, Nick Purves and John Teahan did not take advantage of the dips in global markets and made no changes to their portfolios. They remained convinced cyclicals in particular look expensive at present. Lance said: “The markets came back a little but not a lot and we have made no changes at all. “We were in a ...