Trustnet Magazine Issue 23 November 2016 | Page 32
STOCKPICKER
WHAT I BOUGHT LAST
KLS ZEBRA GLOBAL
EQUITY BETA NEUTRAL
Sarasin & Partners’ Jamie Fletcher is using this fund to deliver returns
that are uncorrelated to equity markets
LOST AND FOUND
Threadneedle’s Richard Colwell highlights three stocks that are back
on the right track after appearing to lose their way
M
ACRO UNCERTAINTIES ARE
RECEIVING A LOT OF ATTENTION at the
moment, with the US election, slowing
growth in China and the UK’s unexpected
decision to leave the EU all creating a great
deal of noise in markets. However, we remain focused
AFTER SEVEN YEARS OF
NEGATIVE VOLUME GROWTH
and four years of negative cash
sales, we are pleased with the
work done at WM Morrison over
the past 18 months following a
management change. It is still in
the foothills of recovery, but is
generating good cash-flow, allowing
it to quickly pay down