11 August 2010
Opportunism-a bold move which by definition ,can not be planned
Whilst our portfolio advisors at MitonOptimal pride themselves on being contrarians, what that really means is spotting the opportunities (and the risks) before the rest of the market catches up. When that finally happens is when the opportunism pays off. A good example right now is the way that our favoured satellite fund managers are now starting to attract investment flows from the rest of the market despite overall market outflows. Data released last month shows, according to Atholl Simpson of Citywire, that even as money flooded out of Europe's fund industry, Blackrock who manage our gold equity exposure bucked the trend with net inflows of €5.5 billion, according to the latest Lipper report, leading the way in the equity sector. In the bond sector Franklin Templeton whose total return fund has been our preferred fixed interest holding for some time came out on top, while French group Carmignac Gestion whose Patrimoin fund is our preferred managed fund reigned supreme in mixed assets.
The Carmignac Patrimoine fund, run by the firm's founder and AAA-rated manager Edouard Carmignac,is rapidly gaining wide spread inflows proving yet again that where our client portfolios unearth opportunities today, other will eventually cotton on (at a higher entry point) leaving our portfolios to count their gains.