Standard Life Investments' GARS team has revealed the latest portfolio changes on its £25bn retail fund after a healthy start to the year.
In a conference call for investors, Adam Rudd, investment director on the fund, said the GARS team added one position, removed four and made significant changes to two others over the first three months of the year. The sole addition to the portfolio over the quarter saw the team open a position in global mining shares, having closed out a global miners versus Swiss equities trade. This position had been a beneficiary of the Swiss National Bank's decision to abandon the currency ceiling on the Swiss franc, which led the team to take profits on this side of the trade. "We believe c...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
