View more on these topics

F&C’s Burdett and Potter buy Asian equities as crisis fears abate

F&C multi-managers Rob Burdett and Gary Potter have lifted exposure to Asian equities across their range after concluding a 1997-style crisis is not about to strike the region.

The duo, who run nine funds in their Navigator and Lifestyle ranges, recently moved from an underweight to neutral position on Asia by adding to existing holdings in the portfolios.

Asian equities have underperformed the developed world after concerns grew over the region’s economic momentum and possible tapering by the Federal Reserve. FE Analytics shows the MSCI Asia index rose just 0.87 per cent over the six months to 25 September, against the 4.14 per cent gain in the MSCI World.

Burdett says: “Although there is a chance Asia could get worse before it gets better, the valuations are quite compelling now. One of the concerns we had were whether the southern nations such as Indonesia were going into a crisis.

“All the people we have spoken to out there have done various analyses comparing now to the 1997 Asian crisis and they think it is a very different scenario now. Many of those countries have floating exchange rates that they didn’t have then, they have got huge foreign currency reserves and central bankers and governments that are much more aware having being through the 1997 crisis.”

Examples of the funds added to during the move include First State Asia Pacific Leaders, Coupland Cardiff Asia Alpha and Prusik Asian Equity Income, all of which are owned in their F&C MM Navigator Boutiques fund.

Nurture Financial Planning managing director Simon Linstead says: “Personally, I am a bit more pessimistic than this. I cannot see a huge resurgence in those markets in the immediate future.”



IFP’s Steve Gazzard backs calls for full inducements disclosure

IFP interim chief executive Steve Gazzard has backed calls for large distributors to disclose all payments they receive from providers. Speaking to Money Marketing at the IFP annual conference at the Celtic Manor in Wales this week, Gazzard warns the issue of provider inducements to large adviser firms is a ”very murky place”. He says: […]


New D2C platform YourWealth launches

Direct-to-consumer platform YourWealth has launched revealing a tiered charging structure of between 0.3 and 0.1 per cent and distributor fee of £4 per month. In August, Money Marketing revealed that YourWealth would launch this year using Ascentric white-label service Investment Funds Direct. At launch the platform will have 1,500 funds and will need a minimum investment […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm