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Bestinvest

UBS US Equity - Downgrade

By STEPHEN MARRIOTT 28/07/2008

UBS US Equity - Downgrade by Stephen Marriott

Although Thomas Digenan, the fund’s manager, is very experienced we feel he has failed to add much value over the 13.5 years that he’s been managing US funds. More recently UBS US Equity has been held back due to its low energy exposure as well as a strong conviction for banks.

We have therefore downgraded the fund to two stars.

 
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