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| Fund Overview | The Fund uses a multi manager approach, investing with regional small company investment specialists to produce a global portfolio. To maximise the returns generated the Fund uses active investment managers with portfolios that are not overly diversified (the Fund will generally have exposure to between 40 and 80 stocks in each region). |
| Manager Comments | The manager says that the major contribution to April's performance came from stock selection in Asia, as well as Japan and Europe. The US portfolio underperformed its benchmark. Looking ahead the manager is concerned about macroeconomic issues, centering around the over-leveraged balance sheets of several European countries, which could turn into risks for the worlwide economic recovery. |
| More Information | » View detailed profile of this fund |