BlackRock Throgmorton exposure to shares at nine-year low
Investment trust BlackRock Throgmorton’s (THRG) equity exposure is at its lowest level in nine years according to broker Stifel, reflecting its manager Dan Whitestone’s concern about an economic slowdown.
Around 90% of assets are invested in equities on a net basis; this distinction reflects the trust’s ability to go long or short. Or in other words it can look to benefit by betting on share prices rising
Among the sectors targeted for short-selling include consumer services, food supply and mid cap lenders, which it believes face impairment risks.