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Hepworth switches fund sectors to boost equity exposure
Markets
by Matthew Goodburn on Jan 16, 2013 at 13:25
The company, which recycles washing machines and other white goods is growing into a nascent and fragmented market in China, where it currently has just a 2% market share.
'It was already exceptionally cheap and we started buying at 7.9 HKD and it is already over 9HKD.'
Over five years to the end of December the fund has returned 44.3% compared to 16.9% by the LCI UK Balanced (50:50) index.
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