Wintle alters after too-bearish call

Felix Wintle has made some strong sector shifts in his Neptune US Opportunities fund over the past two weeks, after admitting he has been too bearish on the American economy.

Wintle, the top-performing US fund manager over three and five years, has lagged his peer group in 2010 after moving defensive late last year on the view Chinese tightening would impact on the American recovery. “We were wrong to be too defensive, because while the tightening affected the Chinese market, it did not spill over to the US as we were expecting it to,” he says. “It has not hurt the US economy because the domestic rebound has remained intact. While China is tightening, the US still has zero interest rates and we believe this will continue.” Wintle increased financials ex...