Thames River reduces Asia in favour of Europe

Thames River's multi-managers have been cutting exposure to ‘bubbly' Asia in favour of Europe as they tidy up the portfolios inherited from F&C.

Following the mergers on 10 December, Gary Potter and Robert Burdett have reduced overall exposure to Asia and emerging markets while additionally diversifying their exposure in the region. Potter says: “We have been reducing our Asian and emerging markets exposure generally as we do think there are issues bubbling there. We have capitalised on the few good years of performance we have had.” The duo brought in a Fidelity South East Asia position to the Equity Managed fund through the F&C merger and added the fund to their Balanced Managed mandate. “This is run by a capable manager,...