Neptune's Felix Wintle has described 2014 as a "frustrating" year for performance but has prospered again this year in part due to a zero weighting in "bond proxy" utilities.
Wintle's £385m US Opportunities portfolio underperformed peers last year, returning 16.4% for the year to 24 June, compared to the Investment Association North America sector average of 18.7%, FE Trustnet data shows. Wintle (pictured) puts this down to his zero weighting in the utility sector, which was the best performer last year, as well as a move to protect the portfolio from potential downfalls, which negatively impacted performance. "On two occasions I got quite bearish and I was wrong," Wintle said. "I sold some higher beta ideas in technology, but they did really well. It w...
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