The Neptune fund was launched for head of US equities Wintle last December.
WdB’s multi-manager team says it has invested in this fund on the back of strong performance by Wintle’s Neptune US opportunities fund, which is relevant because the US is a major trading partner for Latin America.
High exposure to soft and hard commodities has meant that countries such as Brazil have performed well. Neptune says there is a global shortage of crops and that Brazil is able to increase production significantly, which is a positive from an investment viewpoint.
In relation to hard commodities, power shortages in South Africa have halted production, adding to the upward pressure on prices.
Williams de Broe deputy multi-manager Becky Williams says: “We are fairly early into the fund. Neptune is a company we favour as a boutique while Latin America is benefiting from the whole commodities story and from an emerging middle class. Despite the recent volatility in the region, we see growth as a long-term trend.”