Five of the Best: Stocks to play the US recovery

James Thomson, manager of the £161m Rathbone Global Opportunities fund, picks five stocks offering the opportunity to capitalise on the US recovery.

While many managers have hiked their cash positions amid recent market uncertainty, Thomson is putting his cash back to work, reducing his 20% cash weighting from last November to 8%. Thomson has been particularly encouraged by optimism towards the US recovery, and sees it as the healthiest global market. He has been investing predominantly in US-based mid-cap companies in the technology, aviation, oil & gas and restaurants sector, increasing his overall US exposure from 34% to 42%. He has also increased his holdings in his fund from 45 to 52 stocks. His calls in the past 36 months...