Artemis' de Tusch-Lec buys 'one of the only games in town'

Jacob de Tusch-Lec, manager of the Artemis Global Income fund, is upping his exposure to Real Estate Investment Trusts as he seeks to inflation-proof part of his portfolio.

De Tusch-Lec has built up a near-9% position in REITs, up from 5% at the start of the year, having added to Asian holdings in particular. The manager has held Asian REITs since the fund launched in 2009 but believes they are now "one of the only games in town" as emerging markets join Western economies in cutting interest rates en masse. "REITs now account for around 9% of the fund, and they are something I am looking to add to rather than cut," he said. "Over the last month or two the likes of China, Indonesia, Thailand, Israel and Brazil have all been cutting interest rates. We a...