Graham Duce

“As investors concerns on sovereign debt become more of a wider European issue rather than a Greece specific issue, our large underweight European equity position remains intact. We continue to favour the US region on both stronger fundamentals and currency outlook. We have switched from a focused US strategy to a more core fund with a more balanced style profile. Threadneedle American Extended Alpha fund is a broad based US equity fund with typically 150-200 positions. However its 130/30 mantra gives the manager flexibility to adopt short positions in a 100 per cent next exposed fund, increasing the opportunity to create alpha.”