Stewart positions for high volatility and low growth

Newton Real Return manager Iain Stewart talks to Asset TV's Mark Colegate about large caps and hedges to protect the portfolio

Global growth is going to be lower than expected this year, warns Iain Stewart, manager of the Newton Real Return Fund. Stewart, who expects market volatility to remain high, thinks China’s growth may have to be pared back as it looks to address inflation in the system and deal with a property bubble. In an interview with Asset TV he explains why he likes large-cap equities and Norwegian government bonds. What is the aim of this fund? It has a narrow target of UK Libor plus 4%, which is based on the gross asset performance, but really the clue is in the name of the fund: our objectiv...