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‘130/30 On wrong tracks’

New Star managing director retail business development Stewart Cazier says 130/30 funds are an “evolutionary cul-de-sac”.

He believes that funds restricted to a 130/30 mandate are overly constrained. He says: “All they do is tie you to an incredibly small spot, meaning you will tend to struggle in differing market circumstances.

“It is like comparing a railway with a car, where one is stuck on one set of tracks and the other can go almost anywhere. The successful funds will be those that can long and short without those ties.”

Informed Choice director Martin Bamford says: “That is always the risk with a fund with this type of mandate but for a client and adviser it is good to know what shape a fund will be and have the certainty that it will not change overnight.”


Zurich launches 18 new funds

Zurich has introduced 18 new funds in order to provide clients with a greater number of options in the midst of volatile markets.The new funds are now available to clients and intermediaries through the Sterling Bond and an additional 22 funds have been added to the Sterling mutual funds. Zurich’s individual pension selection has 15 […]

Harris Associates' view on the UK’s vote to leave the EU

By David Herro, Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer of International Equity at Harris Associates Britain’s vote to exit the European Union has led to significant uncertainty across global markets. We believe market impact of this uncertainty, though severe, is more of a shorter-term phenomenon which will provide an opportunity for long-term […]


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