Pattersons or other funds accumulating still?Stocks fund...

Pattersons or other funds accumulating still?


Stocks fund managers are buying in stormy markets!

.......Patersons Asset Management thinks that today's market offers compelling opportunities for astute stock pickers. "Well, if we thought the market was good value last month, then we think it is excellent value this month," notes Jason Chesters, head of equities at Patersons. The fund manager sees some of the best buying opportunities since the GFC.

The commodities sector has been particularly hard hit over recent months. "We continue to focus on those commodities that have tight supply drivers and strong demand fundamentals over the next few years and where this can be coupled with an over-reaction by the market in pushing down share prices," it reports.

Interestingly, in its Australian Resources Opportunities Fund, the manager ditched its entire holdings in Origin on the view to reducing its exposure to the coal seam gas industry; although the fund continues to hold Santos. It added to its holdings in Atlas Iron, Ampella, Lynas and Woodside.

As at 30 September 2011, the fund's top 10 holdings were Santos, Woodside Petroleum, Fortescue Metals, Lynas Corporation, Discovery Metals, Cockatoo Coal, Independence Group, Grange Resources and Extract Resources...........