RADAR to remain bullish on equities to year end

As of end of September:
– RADAR maintains overweight equities position at 85.8 per cent
– Highest sector allocation to European equities at 41.2 per cent
Barclays Capital Fund Solutions, the fund management arm of Barclays Capital, has made no changes to its Research Analysis Driven (RADAR) Fund, remaining bullish on equities to year end.
The fund, which is a long short macro tactical asset allocation fund, remained overweight equities, with an emphasis on Europe, accounting for 41.2 per cent. Overall equities took 85.8 per cent of the asset allocation, with Asian and US equities contributing 16.7 per cent and 27.9 per cent respectively.
Looking closer at European equities, RADAR favored European mining and metals, along with DAX futures which accounted for 19.2 per cent.
The fund, which draws on the considerable resources of Barclays Capital’s 800-strong research team, through a committee of specialists for its asset allocation decisions, returned 6.92 per cent in September.
Nathan Bance, Director in UK Investor Solutions at Barclays Capital, said: “Our asset allocation team is bullish in its outlook for equities, as with a background of quantitative easing and growth there will be a window of opportunity to year end. The team are especially positive on commodity-related stocks as well as European dividend futures, which are looking cheap.”