Rathbones' Julian Chillingworth, manager of the £49m Blue Chip Income & Growth fund, has cut back his defensive positions as he believes they have become overvalued.
Leading fund managers are favouring US equities over markets including China and Europe as the appeal of owning dollar assets helps spark a shift into the world's largest economy.
With many headwinds facing the globe, it is going to be a long and colourful summer for equities markets, says Julian Chillingworth, chief investment officer, Rathbone Unit Trust Management.
Rathbones CIO Julian Chillingworth has been putting cash into ‘inflation-proof' areas of the market in a move to cut inflation risk in his £61m Blue Chip Income & Growth fund.
Rathbones' CIO Julian Chillingworth has forecast the FTSE 100 to hit 6,350 by the end 2011, a 6.8% increase on last week's 5,900 mark.
With the BP crisis and a slowing UK economy further compounding an already delicate situation, investors are nervous.
Rathbones' Chief Investment Officer, Julian Chillingworth analyses the current economic trends.
With the northern hemisphere still reeling from the effects of the recession, attentions are heading south as now more than ever investors need to adapt a broader perspective to their investments