Pictet's Shaniel Ramjee is focusing on financials in the group's Multi Asset Portfolio on the grounds the sector is most likely to benefit from rising bond yields, while avoiding "anything that looks like a bond".
Financials are one of the main themes in the £174m fund's equity component, comprising 10.9% of the portfolio, alongside mining, energy, emerging markets and Japan, with the "very strong position in financials"...
Left in January
Transparency issues with no-fee structures
Would cause damage to other emerging markets
Questionnaires sent to firms