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Article: Materials pay off for JPM Russian Securities.
- Article from:
- Investment Adviser
- Article date:
- July 7, 2008
CopyrightCOPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Oliver Good
Overweight positions in materials and consumer-related themes at the expense of the energy sector, led to outperformance for JPMorgan's GBP519.3m Russian Securities investment trust, its manager has claimed.
Oleg Biryulyov, manager of the JPMorgan Russian Securities trust, explained: "Despite volatility, Russia proved to be a relatively safe haven when the majority of other global financial markets were in turmoil.
"Our investment strategy of being overweight in materials and consumer-related themes at the expense of the energy sector, continued to be the right combination. However, it is now evident that such a strategy is ...