Liontrust's Cadell ramps up net EM exposure to almost 70% of global fund

Up from 10% in August

Patrick Cadell, manager of the Liontrust GF Global Strategic Equity fund has ramped up net exposure to emerging markets from 10% in August to nearly three quarters of the portfolio as he said a US rate rise could be a turning point for the asset class.

The manager (pictured) initially started adding to his 10% position in emerging markets in late August, bringing net exposure up to 43% by October. It has since been increased to 69% as Cadell took advantage of further market weakness in November, as weak commodity prices and US dollar strength placed further downward pressure on EMs. The manager said the uncertainty surrounding the timing of the Federal Reserve's rate hike has also added to the volatility and when this uncertainty is removed, it will be a positive for the asset class. "The likely removal of the Fed overhang on 16 ...