Bulletin

Hugh Hendry finding investment opportunities in Europe   25/03/2008

The CF Eclectica Continental European fund is the top performing fund in the IMA Europe excluding UK sector year-to-date and has outperformed its index by almost 14% during the same time period. Manager Hugh Hendry said, “We believe the markets are embracing a historic revaluation of hard assets versus their financial counterparts. This reflation will be different to previous examples and the change in the economic weather is catching out many of the stock market legends.” Syngenta, makers of genetically modified seeds, and Yara, the world’s number one supplier of mineral fertilizers, are two of the companies Hugh is investing in to play this theme. Hugh Hendry attributes the ability of the fund to weather recent market turmoil to several factors including: investments in agriculture and commodities, avoidance of financials and a focus on asset allocation.