Richard Pease has taken advantage of the recent market sell-off to top-up positions in his £1bn Crux European Special Situations fund, but said his favoured companies do not need to worry about China to perform strongly or rely on the "drugs" of future monetary stimulus.
The manager added to positions like top holding Nordea Bank, which yielded 6.8% after the recent equity rout compared to its usual 5%, but said his focus remains on "investing not speculating" and he has...
Months of negotiations
PARTNER INSIGHT: Ian Lance and Nick Purves, managers of the TM RWC UK Equity Income Fund, analyse the tug of war between value and growth that is being observed in markets today and why the future for value investing looks bright.
PARTNER INSIGHT: Ian Lance and Nick Purves, portfolio manager of the TM RWC UK Equity Income Fund, discuss the opportunity shift from growth to value after ten years of underperformance.
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Increased by ten percentage points