Equities
FINANCIAL FUNDS: The next crusade?
Joe McGrath, 24 June 2011
With a relentless stream of events clattering the global financial industry, Joe McGrath learns that investors may be surprised at the many prospects out there.
First published:
What Investment
Date of publication:
1 July 2011
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Events of the past year have tested the mettle of fund managers running specialist Financial funds.
Regulatory concerns in the US and Europe, political tensions in the Middle East, a Tsunami in Japan, earthquakes in New Zealand and Chile and floods in Australia have created a environment of volatility which challenged the most seasoned managers.
The result has been a complete shake up in portfolio holdings as fund managers move to close out risk and take advantage of new opportunities.
A quick look at the portfolios of the best performing funds tells you just how significant the changes have been.
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