TM Dawin rethinks holdings as performance dips

David Jane said property and UK government bonds, as well as Japanese, US and eurozone equities, were “the main detractors” in the portfolio, which performed poorly against the Investment Management Association’s Mixed Investment 20-60 per cent share sector.

Writing in the fund’s lastest report for April, Mr Jane said it would now adopt a cautious approach to certain key holdings, such as the “volatile” Japanese electrical manufacturer Sharp, Bank of America and Barratt Developments, the UK housebuilder, which has enjoyed a “strong run” in recent months.

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