UK: Britannic reduces its exposure to equities
Article Abstract:
Fund manager Britannic Asset Management's exposure to equities has been reduced over September 2001, while its cash holdings have risen. The company does not plan to raise its fixed-interest exposure but aims to monitor its policy closely in light of the political risk following the terrorist attacks on 11 September. Strong cash flow will drive the bond market, says the firm. The UK can avoid a recession and is a preferred equity market, with managers continuing to focus on attractively-valued quality stocks. The company is focusing on large-cap stocks in the US with good liquidity, with the US fund due to remain defensive in the near-term or longer.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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US: ABN Amro to launch US fund
Article Abstract:
ABN Amro Asset Management is to launch a US fund in order to offer independent financial advisers greater product variety. The fund, which will focus on large caps and should be launched in the fourth quarter of 2001, will be managed by US fund management group, Montag Caldwell, acquired by ABN Amro during the year.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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