Ashes Investment Blog: Funds, runs and the quest for balance
17 Jul 15
As with markets, so with cricket. After the variable bounce infused contest that saw Australia comprehensively beaten in Cardiff, the second test had started much more poorly for England on a road of a pitch at Lords – an indication of just how quickly things can change.
2 – David Warner
Oil to Cook’s water, David Warner has come on leaps and bounds since he started as a brash youngster that didn’t let his bat do the talking often enough. On his day he can tear an attack to part, but it is not always his day.
Fund – Hermes Global Emerging Markets
The ups and downs of Warner’s career are fairly reminiscent of the return profile found in the emerging markets space. When they are good, they are great, but like we saw in 2013, they don’t always reward you.
Launched in 2008 and run by Gary Greenberg, the fund is top quartile across five, three and one years. Over five years it is up 28%, but over a much smaller three month time horizon is down around 10%.
Tags: Investment Strategy | Wealth Management
