The managers of the Rathbone Global Opportunities funds have used the recent downturn to load up on stocks they wished they had bought years ago, making the fund more suitable for a recession than it was heading into 2008.
Presenting a slide titled ‘righting the wrongs' lead manager James Thomson told Investment Week that he had "finally" bought into Apple after missing a chance to buy into the company in 2007, a day after it launched its first iPhone. Deep Dive: Frontier markets require caution due to 'barrage' of shocks "I saw Apple at the most fortuitous moment in history," he said. "I was in California the day after they launched the very first iPhone. And I missed it. And so ever since then it has felt like the one that got away and I have been waiting for the right moment to get involved." When...
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