Whats the biggest sector, in terms of money managed by Wellington?
One of the biggest sectors on the equity side is healthcare. It’s the biggest sector assignment for us. We manage approximately 14 billion US dollars in this sector for clients all over the world including Vanguard. The other areas in which we have very large investments are information technology, telecommunications and energy. And we have a fairly unique specialty in the management of global Islamic portfolio for investors who wish to invest according to Islamic principles. Q: It’s interesting that you mentioned Vanguard having money with you when they’re such big believers in index funds. A: Well, many people don’t know Vanguard has two types of funds. They are most well known in this region as an index funds provider. But in the US, a large portion of their business is in the management of active portfolios as well. So we manage about 8 billion dollars of fixed income and equity portfolios for them. Q: Coming back to this global healthcare fund that you manage for UOB, tell us a bi
