RADAR remains overweight equities with 86.5% allocation

As of end of July:
– RADAR maintains overweight equities position at 86.5 per cent
– Highest sector allocation to European equities at +40.9 per cent
Barclays Capital Fund Solutions, the fund management arm of Barclays Capital, made no changes to the portfolio of its Research Analysis Driven (RADAR) Fund in July.
The fund, which is a long short macro tactical asset allocation fund, maintained an overweight position on equities, which accounted for 86.5 per cent. European equities took the highest allocation with +40.9 per cent.
RADAR, which draws on the considerable resources of Barclays Capital’s 800-strong research team for its asset allocation decisions, returned 4.5 percent in July. The fund has outperformed its benchmark, the S&P 500 by 2.7 per cent in the last quarter and in July outperformed the HFRX Macro Index by more than 5 per cent.
The fund posted its largest gains from investments in the SPX futures and European Metals and Mining equities. DAX futures and US Technology stocks positions also contributed positively to the performance.
Nathan Bance, Director in UK Investor Solutions at Barclays Capital, said: “We remain confident in our overweight position in European equities, which reflects our preference for European stocks where valuations remain attractive.  Recent numbers in Europe have surprised to the upside whilst in the US the Fed adopted a subdued tone following some disappointing economic data.”