There are still opportunities in actively managed funds despite the markets performing their worst in 30 years says manager of Exeter Investment Group fund manager Charles Rawson.
Rawson, who manages Exeter's managed growth fund, believes there remain a range of opportunities in several different investment sectors for those investors looking to the long term.
He has recently increased the fund's exposure to biotechnology companies, picking up assets which look undervalued.
Rawson says: “My tactic in difficult times is to balance the good value of defensive investments against equally attractive opportunities in specialist areas. In doing so we can plot a course to avoid the investment equivalent of whirlpools and rocks and will use changes in the tide of investment to carry investments through more difficult passages.”