Hawksmoor sells out of resources funds in MPS

Firm runs six model portfolios

Hawksmoor has exited the bulk of the resources positions in its model portfolios over concerns about the end of the equity bull market.

The firm runs six model portfolios; Aggressive, Balanced, Cautious, Defensive, Distribution and Growth. Previously, the firm had a 5% weighting to Duncan Goodwin's Baring Global Resources fund in its Aggressive portfolio, 4% in the Growth mandate and 3% in Balanced, while 3% of the Distribution portfolio was allocated to BlackRock Natural Resources Growth & Income. However, the managers have now sold these positions on the back of concerns the end of the bull market is imminent and exposure to resources could lead to the funds underperforming.  The Barings fund was the worst-perfor...