Largest UK sectors are too big to ignore

The four largest UK sectors should not be ignored when managing aggressive concentrated portfolios, according to Ashley Willing, senior investment manager at Gartmore. Willing always holds a minimum half weighting in each of the four big sectors: telecoms, oils, pharmaceuticals and banks. He told delegates at a recent Investment Week conference in Portugal: 'The four big sectors account for more than 50% of the market. They are too big to ignore. If the position is right then the fund does well; if it is wrong, then it will not be terminal to relative fund performance.' A hallmark of ...