martin
currie
Martin Currie North American Fund

The fund is co-managed by Tom Walker and David Forsyth.






Tom spent six years with Edinburgh Fund Managers. Initially covering the UK and other European markets, he went on to specialise in Asia (ex Japan) and became head of that team in 1991. Tom moved to Hong Kong in 1993 with Baring Asset Management (Asia). Focusing on Greater China, he managed the Greater China Fund Inc and Baring's Hong Kong Fund. He joined Martin Currie as head of the Pacific Basin team in 1996, and moved to head the North America team in 1998. He manages Martin Currie's North American Fund and the Martin Currie Portfolio Investment Trust.

 David began his career with Ernst & Young, qualifying as a chartered accountant. He then moved to Scottish Life in 1999, where he worked as an analyst covering Asian markets. In April 2001 he joined Abbey National Asset Managers' US desk as an investment manager. David joined Martin Currie in 2005 to enhance our expertise in North American equities.

 The case for North America
  • US economy has turned the corner but deleveraging will restrain growth rate
  • Debt has been significantly transferred from private to public sector
  • Government bonds look expensive - mixed message for equities
  • "Carry trade" has left dollar oversold versus other developed currencies
  • American equities have lagged and offer growth at reasonable valuations




    • Stockpicking is increasingly being rewarded and - as a result
    - the North American Fund outperformed the market YTD, delivering 1st quartile returns†.

    Click here to read about Tom and David's views on the North American market and how they positioned the portfolio.    		 ->




    Conference call from Tom - March 2010
      ->
    To listen to MP3 file on your personal player - Right click here and select Save Target As.. to download file to a folder on your PC
    Conference call review - 23 March 2010 ->



      Investment process webcast ->
    Commentary from Tom Walker on the US economy 2010
    To listen to MP3 file on your personal player - Right click here and select Save Target As.. to download file to your PC




    Performance of North American Fund
    Martin Currie has a proven record of investing in North America and launched its first dedicated North American fund in 1983. Below we illustrate the fund's performance compared to the IMA North America sector average. The bottom-up process continues to prove its worth through consistent outperformance.





    Quartile ranking 12 months to 30 April
    2003 2004 2005 2006 2007 2008 2009 Since manager's tenure p.a
    1st 2nd 2nd 1st 1st 1st 4th 1st




    Ratings