"Love picks up cheap" The Attila Global Fund

When the stock market picks up and the loss of fund investors decreases, how to attract investors back to mutual funds is a concern for many fund managers, with a high return on investment and the standard and poor 500 index, which almost every American mutual fund manager wants to achieve. But it's not easy to beat the index.　　When some mutual fund managers try to make a choice, choosing a cheap stock is one of their strategies. Investment strategy tends to be radical Kess Walter and Rudolph Joens are running a stock fund called the "Attila Global Equity Fund", which will focus on stocks that once rose very high but now fall badly. "As long as we can find the world's most growing and cheapest asset, our investment will be good," he explains. "Guided by this investment strategy, two managers focus their attention on industries that are more sensitive to the economy as a whole, such as industrial companies or commodity-related companies."　　According to normal logic, in the current cycle, investors should opt for traditional conservative investments, such as health-care stocks, essential consumer-goods stocks, or utility stocks, but the reverse is what the fund does. "We think the market is likely to rise more than fall in the rest of the year," Walter said. We abandon the conservative type of investment, the pursuit of high growth enterprises. In general, high-growth companies come mainly from emerging economies such as China, Russia, Brazil and Australia. Companies in Australia and Canada, driven by commodity prices, can also be bullish. "BHP Billiton, the world's biggest mining company, is one of the companies that are favored by Walter, because without steel, there is no infrastructure to talk about."　　BHP Billiton is now trying to increase the amount of iron ore it controls, and their good financial position determines their ability to start a takeover deal for that purpose. "Australia is like Saudi Arabia in the iron ore producer," Walter said.　　Australia's iron ore production is the world's most efficient, and their iron ore refining cost per ton is about half as low as that of competitors in other countries. Rio Tinto, Australia, is also one of Walt's chosen companies, partly because Rio Tinto is a good target. The company has rejected some suitors, and Rio Tinto's takeover deal with China is still under review.　　Despite Rio's current debt overhang, the company's prospects for business are considerable. The prospect of agricultural stocks Walter also attaches great importance to the agricultural products market gradually showed a strong, he is optimistic about the field of Monsanto Company.　　The world's biggest seed and fertiliser producer has been curbed by a sudden drop in commodity markets, but Walter believes their prospects are only temporarily weakened. "Food consumption has shrunk by only 2% to 3%, but the shares have suffered a heavy blow." In Monsanto, for example, the company's P/E ratio has fallen from 20 times to 11 times times its previous level.Even in the downturn in agricultural prices, companies are insisting on developing products that will help boost production and reduce the effects of pests and diseases, which are clearly helping companies increase profits, "Walter said. In their portfolios, American stocks are also bullish.　　By 2008, the Fund had significantly reduced its holdings of US equities, but now U.S. equities have reached 47% per cent of the fund's portfolio, which is higher than the share of US equities in the MSCI Global index. Walter believes the Obama administration's stimulus package will have a "dramatic" effect, prompting them to shift from reduced holdings to more investment in US equities. They are also bullish on the outlook for China's economy and on developments in infrastructure construction, which have increased investment in energy, agriculture and industrial enterprises, with steel and cement producers becoming the first glare