View the article online at http://citywire.co.uk/wealth-manager/article/a759880
Henderson’s Lofthouse is losing patience with Euro recovery
by Eleanor Lawrie on Jul 07, 2014 at 12:02
The fund has been topping up its exposure to internet technology companies in the US in the hope that they will start spending.
‘On a company level we see that the US is recovering. They need to have some more capex, and if that does happen then I think people will be much more comfortable about markets,’ he said.
Lofthouse co-manages the Global Equity Income fund alongside Andrew Jones. In three years to the end of May the fund has returned 39.9% versus 29% for the Citywire global equity sector, while in five years the fund has returned 101.4% versus 83.3% for the sector.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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on Jul 31, 2014 at 10:36