Gary Potter and Rob Burdett

“Risk assets pushed higher again in March on the back of relatively benign economic news flow. Nearly all holdings produced positive gains, led by Nevsky Emerging Markets and Veritas Asia, up 9.62 per cent and 8.79 per cent respectively. The only holding to lose money was TR Global Bond, down 1.32 per cent. Many companies are now leaner than before the recession, which should be positive for earnings at least in the short term – top line growth will need to pick up if this momentum is to continue however. Proven stock picking managers focusing on fundamentals should find this environment favourable.”