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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1477)11/16/2003 9:05:44 PM
From: RealMuLan  Read Replies (1) of 6370
 
Recipes for Wealth: Evershed, a bull in a China shock
Published: 08:46 Sun 16 Nov 2003
By Graeme Davies, Companies Correspondent
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Using our Recipes for Wealth tool is a great way to construct a funds portfolio but making sure you buy the right funds in the right proportion can be tricky; some fund managers like to invest far and wide in their pursuit of good returns as we found out when we talked to New Star’s Patrick Evershed.

In the world of investment what you think you see is not always what you get. This can make it difficult for investors trying to balance their portfolios with international funds alongside UK-focused funds.

Take Patrick Evershed, best known for his management of New Star Select Opportunities but also responsible for the New Star Smaller Companies fund. Evershed is one of 13 managers offering expertise on Larger UK Companies (see list on Recipes for Wealth by following the quick link on the left hand side of the Citywire home page) who has gained a top AAA rating from Citywire for his excellent performance over the past three years.

Funds are organised into sectors or league tables. This is supposed to make it easier for investors to make sensible comparisons between funds. This is why, like many funds that can invest in any company in the FTSE All Share index New Star Select Opportunities is located in the UK All Companies sector, the biggest funds sector recognised by the Investment Management Association.

Given this UK tag, it is surprising to learn that Evershed invests 14% of the £80 million Select Opportunities fund in Chinese stocks listed on the Hang Seng index in Hong Kong.


citywire.co.uk
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