Brown Advisory’s Global Leaders fund saw opportunities to invest in companies it had had on its 'ready-to-buy list' for years as global stockmarkets fell amid the spread of Covid-19 in March and April.
Co-manager Mick Dillon said the fund snapped up shares in three companies within the space of three weeks at the end of March and beginning of April, after adding just one new holding in 2019. Dillon said the fund's quiet year for portfolio turnover in 2019 "was not for the lack of trying; it was from lack of opportunity". Somerset Capital Management launches 'future leaders' emerging markets fund However, those opportunities started to show up just three months into 2020, as stocks were indiscriminately sold off on fears over what damage prolonged global lockdowns would do to indu...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes