Martin Currie's European long/short manager Michael Browne is eyeing opportunities in commodities following the strong sell-off across global markets in August.
The manager (pictured) in charge of the Legg Mason affiliate's European long/short strategy said the volatility during the summer months has presented buying opportunities and he has the flexibility to boost exposure. Prior to the sell-off, the team adopted a cautious stance on expectations of a global slowdown, having cut net exposure in the fund to 26% in mid-August, in time to weather the market storm. As a result, the Martin Currie GF European Absolute Alpha fund delivered a positive return of 1.5% in August, according to the group's figures, while its benchmark MSCI Europe index ...
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