Premier's Hambidge on his most successful 'contrarian' call

1 What have been the main drivers behind the fund's outperformance over the last five years? It has been a tremendous five years for risk assets and the fund has taken full advantage of this. Performance has been very strong in both absolute and relative terms, in spite of having a lower equity exposure than many of our peers and no US weighting, which has been the strongest performing developed market over five years. One area that has certainly helped performance has been our overweight position in UK commercial property, which we have been adding to since last summer. The performan...