Top-Performing Fund Isn’t Swayed by Travel, Stay-at-Home Trends
- Castle Point Ranger Fund is up 22% in 2020, beating most peers
- Stubbs’s fund invests in shares in Australia and New Zealand
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A high-performing equity fund manager isn’t buying into Covid-19 thematics like the so-called stay-at-home or reopening trades that are sensitive to virus developments.
Instead, Castle Point Funds Management Ltd.’s Richard Stubbs said he’s targeting companies with strong fundamentals that he expects can withstand such short-term market gyrations. Focusing on near-term earnings, election outcomes and other uncontrollable factors can often prove unproductive in times of volatility, said the Auckland-based fund manager, who invests in Australian and New Zealand shares.