View more on these topics

Ruffer expands to Pacific

Ruffer Investment Management has brought out a fifth fund, the CF Ruffer Pacific fund. This Oeic aims to deliver consistently positive returns by investing in companies in the Asia Pacific region, which includes countries such as Japan, Hong Kong, Singapore and Australia.

The fund contains around 28 holdings and is benchmarked against the MSCI Asia Pacific Index. It is managed by Andrew Ballingal who has 20 years&#39 experience gained with BZW, Sloane Robinson, Schroders and TAL.

The CF Ruffer pacific fund is not bound by industrial or geographical sector weightings, which leaves Ballingal free to invest wherever he thinks will produce the best returns.

Currently the fund holds around 34 per cent in cash with the remainder in equities. The heavy cash weighting reflects Ruffer&#39s view on currency issues. They believe Asian currencies will rise in value against the dollar and that this will benefit holders of cash and bonds.

However, Ruffer is optimistic about equities in the region despite concerns about instabilities. Half the equity content of the portfolio is invested in what Ruffer believes are lower-risk equities within the utilities and consumer sectors. These are companies that have good management teams at the helm, are financially strong, and reasonably priced.

Another part of the fund is invested in riskier companies mainly within sectors such as finance and real estate. However, there will be some exposure to the car industry and electronics through companies such as Denso Corporation which manufactures car parts. The portfolio will also contain a smaller exposure to commodities, including precious metals and energy.

This fund&#39s lack of fixed sector weightings will be a useful strategy for volatile areas such as Japan because the portfolio can shift in line with market conditions. It also allows for shorter-term currency plays within particular sectors. However, the fund may be a bit spicy for some investors as currency fluctuations and political uncertainties could be a problem.


CML tells Treasury to stop piecemeal housing solution

The Council of Mortgage Lenders has told the Chancellor of the Exchequer to stop the piecemeal Government interventions in the housing market which it believes is should take second place to a coherent vision. In a Budget “wish list” sent to the Chancellor the CML has also said the Government needs to actively explore how […]

Early Day Motion on sellers&#39 packs

Labour MP Dr Ian Gibson MP is tabling an Early Day Motion, in the House of Commons, criticising the Home Information Pack. It is will be co-signed by Ann Cryer and Bob Spink.

Ruffer aims to pick the Pacific opportunities

Ruffer Investment Management is launching a Pacific fund to invest in the Asia Pacific region on an absolute-return basis. Ruffer says it is upbeat on the prospects for the Asia Pacific region because of significant improvement in the region&#39s economies, financial systems and corporate sectors over the past few years, as well as the favourable […]

Government may offer discretionary payments to victims of pension wind-ups

Work and Pensions Secretary Andrew Smith has been forced to admit that the Government will consider offering discretionary assistance to the 60,000 victims of wind-ups. Speaking at an Opposition half day debate on crisis in pension scheme wind ups Smith said he would not raise &#39false hopes&#39 for the thousands of pensioners who have been […]

Health - thumbnail

Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


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