Iain Fulton, manager of the SWIP Global fund, has revealed the stocks driving his portfolio's performance over the last 12 months.
The key theme in his portfolio since last year has been a play on the economic recovery in the US and UK, which has led to a cyclical tilt in the portfolio. One of the top-performing US stocks in the portfolio has been Mohawk, a global flooring company, which has benefited from the recovery in the US housing market. Fulton has also played the US financials sector through holdings in American Express and KeyCorp, a Cleveland-based banking group. “We recognised early that developed markets were showing signs of recovery and positioned ourselves more cyclically,” Fulton said. “We hav...
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