From
Fund Selection
05 April 2011
David Bulteel
“February was an interesting month with a continued rotation out of Emerging/Asian markets into Western blue-chip stocks. We decided to switch round a couple of things; notably selling BlackRock US Flexible and Nevsky Global Emerging and switching the proceeds into GAM Star US All Cap and First State Global Emerging Leaders, on a money for money basis. We prefer the defensive/value driven approach of First State, especially after this sector has had such a good run.”
