Premier Asset Management's chief investment officer and manager of the Premier Diversifed fund Neil Birrell shares his views on which sectors are in and out of favour this month.
The £47m Premier Diversified fund has returned 26% over one year to 19 May, according to FE, versus returns by the IA Mixed Investment 40%-85% Shares sector of 18.4%. In favour: Equities Equity markets are not far off all-time highs but we continue to find good investment opportunities. The fund currently has a weighting of 62.9% in equities. Although we do not believe the valuation of the overall market is compelling, we are finding specific sectors and companies that we do believe are attractive. The economic data is supportive for equities, even though first quarter economic d...
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