Rathbone's James Thomson, manager of the £129m Global Opportunities fund, picks five defensive stocks to help preserve capital in an uncertain economic environment.
The top quartile fund has returned 65.5% over three years against 37% average and 2.6% return over one year 5.5% peer group losses, according to Morningstar. Back in May, Thomson ramped up his cash weighting to 16%, a move he said has helped protect the fund during the downturn. He reduced exposure to cyclical names and maintains zero exposure to banks, insurers, miners, and peripheral Europe. Thomson is now looking to redeploy his cash as opportunities arise. Below he outlines five defensive picks he has bought recently to protect from increased volatility in financial markets and a ...
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