Manager Matthew Dobbs increases cash levels to decade-high amid weak growth and trade war concerns
Matthew Dobbs, the manager of Schroder AsiaPacific ( SDP ) , has increased the fund’s cash levels to their highest level for at least a decade according to investment bank Stifel. While Dobbs acknowledges Asian markets are modestly cheap, he is concerned about the weak growth outlook and the scope for the US-China trade spat to spin out of control. Since late 2018, Dobbs has moved the portfolio from...