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OPM raises exposure to US small caps

Multi-manager OPM Fund Management has increased its US exposure within its portfolio of funds and is backing smaller companies to outperform.

The firm recently increased its US position by topping up an existing holding in the Legg Mason US smaller companies fund and is now around 20 per cent overweight its Apcims balanced portfolio benchmark.

Chief investment officer Tony Yousefian says US smaller companies are now well placed.

He says: “You are seeing a favourable environment as far as monetary policy is concerned with low interest rates and economic activity starting to pick up, which is absolutely ideal for smaller companies to do well.

However, Whitechurch Securities favours large caps and remains neutral on the US. Senior analyst Ben Seager-Scott says: “The US has had the party and the hangover but they have still got to clean up. Like the UK and a lot of the developed world, there are a lot of headwinds coming and when interest rates do pick up and various other stimulus measures are withdrawn it is the smaller companies that look more vulnerable.”



House prices fall slightly in Feb

UK house prices fell slightly in February but increased 7.4 per cent year on year, according to UK house price statistics from Communities and Local Government.

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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