Hawksmoor sells out of resources funds in MPS

The firm runs six model portfolios; Aggressive, Balanced, Cautious, Defensive, Distribution and Growth. Previously, the firm had a 5% weighting to Duncan Goodwin's Baring Global Resources fund in its Aggressive portfolio, 4% in the Growth mandate and 3% in Balanced, while 3% of the Distribution portfolio was allocated to BlackRock Natural Resources Growth & Income. However, the managers have now sold these positions on the back of concerns the end of the bull market is imminent and exposure to resources could lead to the funds underperforming.  The Barings fund was the worst-perfor...