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OPM in recovery mode

Multi-manager OPM believes its core and satellite approach to portfolio management should ensure that it does not miss the first signs of a recovery in equity markets.

The firm believes investment markets are 12-18 months ahead of the negative news about the economic outlook, corporate earnings and unemployment.

Fund manager Tony Yousefian says it would be easy to miss the turning point while the headline news is so gloomy but a core element of long-only funds comprises 75 per cent of OPM’s portfolios and should be poised to catch the upswing in markets.

OPM uses the satellite element for more active tactical plays. It is buying FTSE and S&P 500 exchange traded funds when markets become oversold at the end of the downswing. It will then switch into short or reverse ETFs, which benefit from market falls, when markets peak at the end of an upswing.

OPM balanced managed, OPM equity high income and OPM UK equity were all ranked first quartile in their respective IMA sectors between October 28, 2008 and March 1, 2009.


Colombia requests IMF credit line

Colombia has become the third country to request a credit line from the International Monetary Fund (IMF) under the Flexible Credit Line (FCL) facility, asking for $10.4 billion (7.14 billion), according to the fund.Mexico has received approval for a $47 billion credit line, while the IMF is considering an application from Poland for a $20.5 […]

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Johnson Fleming set to host webinar on auditing auto-enrolment schemes

With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.


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