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WdB follows Wintle to Latin America

Williams de Broe has added Felix Wintle’s Neptune Latin American fund to all four funds in its assetmaster range.

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.”

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