Several high profile multi-managers are shifting portfolios towards the US at the expense of Europea...
Several high profile multi-managers are shifting portfolios towards the US at the expense of European weightings in a reversal of recent years. Bullishness on a recovering dollar and consensus the US will be first out of the global downturn are key drivers of the trend. Gartmore's head of multi-manager Tony Lanning said one of the first changes he made on taking control of the range in May was to reverse the existing overweight to Europe and underweight US. In the last three months, Lanning has taken the US position on the MultiManager Cautious fund from zero to 5% and cut Europe from...
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