Sarasin takes advantage of weak euro and opts for Europe bias on global fund

Sarasin managing partner Guy Monson has been orientating to take advantage of the weakening euro in his global multi-asset fund.

The manager of the £239m GlobalSar IIID fund says blue-chip European exporters stand to gain from the region's turmoil. "We have been increasing our exposure to Europe and the euro," he says. "The weakening euro means blue-chip companies in France and Germany will be net beneficiaries of the whole European crisis. Europe is the most sensitive region to currency depreciation." Monson and co-manager Daniel Briggs have been adding to exporting companies including Essilor and EADS, and believe the region's equities offer better returns than bonds. "The Eurostoxx 50 is yielding over ...