Fund deputy warns policymakers are ‘steering through the fog’ as they weather Donald Trump’s unpredictable tariffs
Fund manager's caution wasn't borne out of analyst reports or financial analysis, but from a "good short-term guide to luxury industry writ large".
Fund manager Simon Adler said he was "happy to buy the worst business you have ever conceived, provided it is cheap enough."
Four out of five fund managers, some 80 per cent, said they think tariffs will be partially reintroduced by Trump when last month's tariff pause comes to an end on 8 July.
Fund managers were positioning for a US economic downturn before America and China forged a trade pact
The Blue Whale growth fund has returned more than 130% since its launch in 2017.
The Blue Whale growth fund has returned more than 130% since its launch in 2017.
But the Fund gives its implicit backing to Chancellor Rachel Reeves’ plans to stabilize U.K. public finances.
Fund warns global government debt could reach 117% of output by 2027 or worse if trade tensions intensify
Fund warns global government debt could reach 117% of output by 2027 or worse if trade tensions intensify