Investors should reposition their portfolios less as opposed to more in the throes of US-China trade war volatility, according to PineBridge Investments' Elizabeth Soon.
The manager, who has headed up the $722m Ireland-domiciled PineBridge Asia ex Japan Small Cap Equity fund since 2008, said the turnover of her portfolio - which has historically sat between 30% and 50% over her tenure - has dropped to 20% to 25% over the last couple of years. "People tend to think that the more volatile the market, the more you should trade, but my opinion is the more volatile the market, the more you should stick to the ones you know," she argued. "This is because there is a lot of newsflow out there and this can impact the choices of the managers. So sometimes, it i...
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