John Stopford, head of multi-asset income at Investec Asset Management, explains how he is positioning portfolios to take advantage of a weaker pound.
“In our multi-asset income portfolios, we have bought options on sterling to benefit from volatility and have a modest short sterling position, but will look to buy weakness and sell strength,” Mr Stopford says.
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“In equities, we hold a modest exposure to UK-listed exporters primarily, with most exposure in other jurisdictions.”
Ellie Duncan is deputy content plus editor at FTAdviser
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