Global fund managers eye financial and tech stocks

Tariffs challenged: A worker inspects aluminium ingots at the Alumetal Group Hungary Kft plant in Hungary. The EU has challenged aluminium and steel tariffs imposed by the Trump administration at the World Trade Organisation. — Bloomberg

NEW YORK: The rising tensions over global trade policy are prompting some top-performing international fund managers to look for the companies that can emerge as winners.

Fund managers from firms including AllianceBernstein, Causeway Capital Management and Janus Henderson are adding to positions in companies ranging from Italy’s largest bank to China’s largest e-commerce company, all in hopes of avoiding the fallout from a global trade war.