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Carmignac's AAA-rated Ney reveals his peripheral playbook

Citywire AAA-rated Keith Ney has increased his exposure to Italian banks as he believes the larger players are now well positioned to survive the fallout from the country’s forthcoming referendum.

Ney, who has long-championed the under-fire sector, said he has added to positions in ‘pockets of value’ within his €10.1 billion Carmignac Securité fund.

While Ney said he is avoiding ‘black box’ investment banks due to unknown levels of volatility, the bond manager is focusing on national champions and market leaders.

Also in this video, Ney believes these are the best placed to survive should the referendum vote on its constitution produces a move against Prime Minister Matteo Renzi’s reform efforts.

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Keith Ney
Keith Ney
25/138 in Bonds - Euro Short Term (Performance over 3 years) Average Total Return: 3.17%
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