Pictet Asset Management's Andrew Cole has cut his exposure to UK commercial property in the multi-asset portfolio as he fears a Labour win at the next General Election, which he deems an even greater concern than Brexit.
Senior multi-asset manager Cole, who joined Pictet from Barings in 2014 with colleagues Percival Stanion and Shaniel Ramjee, said he was concerned about how the UK would fare under Labour leader Jeremy...
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