S&W Enterprise fund's net exposure nears historic low as shorting opportunities rise

Investors 'can no longer rely on hope and optimism'

Managers of the Smith & Williamson's Enterprise fund have reduced its net long exposure to equities to near all-time lows and continues to grow its short exposure on the belief markets can "no longer rely on hope and optimism".

The £136m fund is currently running a net long position of just 14% as its managers Rupert Fleming, Mark Boucher and Mark Swain prepare to tackle the end of quantitative easing and "stock dispersions"...