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By PWM Editor

“During August the strength of the US dollar had a major impact on portfolio performance with Blackrock US flexible and Findlay Park US Smaller Companies racing ahead in absolute terms. Two of the laggards are familiar ones in recent times: Artemis European and Atlantis Japan.The former has a quant driven investment process and it does tend to underperform at inflection points for the markets. Nevertheless it probably deserves greater attention given the scale of its lacklustre period. The latter is more of a niche play but overall Japan looks to be one of the contrarian plays at present.”

 

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