Glen Finegan has carried out a "major repositioning" of the £197m Henderson Emerging Markets Opportunities fund since he took over last February, which has helped cushion the portfolio during a turbulent period for the asset class.
The manager (pictured), who joined Henderson last February from Stewart Investors where he helped run strategies including the Global Emerging Markets and GEM Leaders funds, has made significant changes to the portfolio's geographical and sector weightings, including drastically reducing exposure to China and financials. He has also increased the number of holdings from 54 to 63 over the period. The moves were made as Finegan introduced a new investment philosophy for the fund, taking an index unaware approach that weighs up the risk of losing money in absolute terms. He said: "We ...
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