The managers of Resolution Asset Management's (RAM) £128m American Growth fund have dismissed US economic doomsayers, predicting the market will bounce back in the new year.
As many booming companies across the Atlantic struggle to maintain margins, joint managers Alison Porter and Terry Ewing are taking an overweight position in healthcare, telecoms and utilities. RAM is buoyant on the healthcare sector – saying manufacturers of testing, measurement and diagnostic equipment are benefiting from the ageing US population. Major stocks in the portfolio include medical diagnostic manufacturer Inverness Medical and Hologic, a digital mammography specialist. In agriculture, global demand for wheat and corn continues to boost US farmer profitability, with Ewing and...
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