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...
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Following 2016 thematic review