Orbis' Cutler bets on producers and warns of 'greenflation'

According to Alec Cutler, manager of the Orbis Global Balanced fund, these same investors have shunned producer-type names boasting up to 25-30% free cash flow yields. "There is just insane pricing and valuations on these companies," he said. "We are quite comfortable holding them and taking the near-term hit." The multi-asset fund has returned 10.3% and 26.2% over one and three years respectively, outstripping its IA Mixed Investments 40-85% Shares sector, which has returned -5.4% and 9.6% over the same period. Orbis Global Balanced remains underweight popular US growth stocks and...