The Scottish investment trust is in "capital preservation" mode as it anticipates "tremendous opportunities" once signs the coronavirus is through the worst appear, according to manager Alasdair McKinnon.
With stockmarkets having sold off aggressively in March, many participants were looking to add to already beaten-up stocks through the month and into April. However, in late March, McKinnon told Investment Week that while there will "absolutely" be an opportunity in cyclical stocks down the line, that time "is not now". "It seems that we have got to get through the worst first," he claimed. McKinnon said a trip to Japan scheduled for February to attend a conference that was ultimately cancelled spurred re-evaluation of the trust's portfolio. "We asked ourselves 'which companies...
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