Investec

Investec Global Energy fund managers Jonathan Waghorn and Mark Lacey have used the BP-led downturn to add to a number of stocks "unjustly punished" by the Gulf of Mexico disaster.

Philip Saunders and Max King, the multi-asset portfolio managers at Investec, outline the five reasons why they remain positive.

Investec's Alastair Mundy has sold out of Lloyds in his £1.57bn Cautious Managed and £344m UK Special Situations funds on fears the group runs the risk of becoming a ‘zombie bank'.

Currency exposure drives emerging market-focused portfolios to the top of IMA Global Bond Sector over one year

Investec Asset Management, which runs $5.3bn in active currency funds, has warned the dollar could face a sharp correction this year due to reluctance in the US to embrace fiscal tightening.

Investec's Alastair Mundy has warned investors not to be reliant on dollar or sterling ‘safe havens' as the US and UK economies face a tough time reining in their burgeoning deficits.

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FUND MANAGER FOCUS

ENERGY

Investec's Alastair Mundy topped up his high-conviction position in BP last week, saying the oil giant remains a "very interesting investment opportunity".