HENDERSON Global Investors has increased its exposure to growth stocks within one of its multi-manager portfolios.
The company’s Independent Growth fund, headed by Bill McQuaker and Katy Gladstone, has upped its positions in a number of growth funds, as well as purchasing a new offering which derives returns from Taiwan. The iShares MSCI Taiwan ETF is a play on the global PC demand cycle, as the Taiwanese market is dominated by technology and financial stocks that have exposure to semiconductor manufacturers and other electronics companies. Bill McQuaker, director of multi-manager funds, said: “Taiwan has been a bit of a laggard compared to other Asian markets over recent years. “But, we expect...
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