Unicorn Asset Management's Peter Walls has increased the cash level on his £60m Mastertrust to nearly 18%, as he readies the portfolio to take advantage of a 'natural' turn in the cycle.
The manager of the fund of investment trusts noted the current strength of the market, particularly within the closed-ended sector which saw average discount levels of 3.6% in April this year - the tightest...
The US dollar is close to peaking and the risks now seem to be on the downside.
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