M&G Investments' top performing Global Dividend manager Stuart Rhodes has initiated a number of new holdings over the past couple of months as he seeks a new wave of income payers.
Rhodes has been tilting his portfolio towards asset-backed cyclical companies in recent months, and subsequently viewed June's market correction as an opportunity to add to more economically-sensitive positions. Here we reveals five new stocks Rhodes has been buying of late, equating to almost 10% of Global Dividend's total assets. Potash Corp - 2.0% weighting Rhodes has been building up a new position in Potash Corporation, the world's largest fertiliser company, since the start of the year in the £7bn M&G Global Dividend portfolio. Over the past two years Potash has doubled its...
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