Shares in three companies purchased
Onur Erzan to join on 4 January
Pictet-Human to be managed by Alice de Lamaze
Global high-conviction vehicle
US equity funds also see big jumps
Greater participation bodes well for stockmarkets' futures
Defensive equities are usually found in sectors that have withstood market shocks, such as utilities and real estate. But as COVID-19 shakes up investment conventions, companies with intangible assets are being more appreciated for their volatility cushion.
Managed by Baillie Gifford and Federated Hermes
Vaccine news boosts hopes of return to market normality