OPM cuts cash from 16% to 1% on Balanced Managed fund

OPM's multimanagement team has shrunk its cash position taking advantage of opportunities in the UK m...

OPM’s multimanagement team has shrunk its cash position taking advantage of opportunities in the UK market. Last Friday Ross Henderson and Tony Yousefian reduced cash on their Balanced Managed fund from nearly 16% to around 7%, investing in UK equities. “We thought it was getting to the stage that the downside risks were far less than the potential in the market. The FTSE 100 looked strongly supported at the 5,300 points level,” said Henderson. “It did look there was going to be a rally but the markets have since come off a bit this week,” he added. Similar changes were made to ...