Giles Hargreave, chairman of Hargreave Hale and manager of Marlborough's £372m Special Situations fund, has positioned his portfolio to be heavily exposed to UK-listed companies trading internationally.
Hargreave believes there are stronger growth prospects overseas and is shunning stocks exposed to the UK's anaemic recovery. Morgan Crucible: Since January I have built a 1% position in the FTSE 250-listed company as this is a great example of a UK-listed company that trades and manufactures worldwide. The company produces specialist materials used in applications ranging from artificial hips to body armour and aircraft control systems. The global nature of the business has meant a growth in sales to emerging market nations has taken up the slack when trade with Western countries h...
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