Global managers prefer Asia despite volatility

Global equity managers are favouring emerging markets and Asian equities, despite many predicting the...

Global equity managers are favouring emerging markets and Asian equities, despite many predicting the volatility of the third quarter will continue. While few have reacted to this by raising cash levels, several managers are moving up the market cap scale as they believe bigger stocks are better placed to withstand an economic slowdown. At the end of September, 97% of Gartmore’s Global Focus Fund was invested in large caps for example and while manager Neil Rogan said this was largely down to stock section reports, he acknowledges it was also a deliberate strategic move. The majority of...