Kestrel Investment Partners has cut equities exposure on its flagship multi-asset fund from 75% to 40% since June, warning a third quarter slowdown in the growth trajectory of US tech stocks will ultimately impact the valuation in other key sectors.
The Kestrel Global Portfolio has increased its exposure to UK and US bonds, while moving underweight in big tech names like Amazon and Netflix, as well as in discretionary and industrial stocks. Tencent topples Apple, petro-yuans & Bitcoin crashes: Saxo Bank's ten Outrageous Predictions for 2018 In a statement, the small-cap equity firm expects technology, discretionary and industrial sectors to underperform counter-cyclical sectors such as utilities, healthcare and consumer staples in the third quarter of 2018, driven by slowing US consumption growth and inflation. Tech stocks Fac...
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