View the article online at http://citywire.co.uk/wealth-manager/article/a752640
Somel: I am not turning Global Basics into a generic equity fund
by Robert St George on May 23, 2014 at 15:52
‘If I could find another 10 Microsofts that fit this portfolio, I would buy them all. But at the moment that is the only technology company in the portfolio and I really do believe in its growth potential going forwards.’
The performance of Global Basics has also perked up lately, returning 2.7% over the three months to the end of April compared with an average of 2.3% from its IMA Global Equity sector. It still languishes on a three-year view, however, having lost 8.9% while the peer group gained 20.8%.
News sponsored by:
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.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the funds
Look up the fund managers
More from us
On the road
on Jul 24, 2014 at 10:59