Merrill Lynch UK Value fund manager James Macmillan has increased his exposure to banks and large-ca...
Merrill Lynch UK Value fund manager James Macmillan has increased his exposure to banks and large-cap stocks as part of a defensive strategy in anticipation of further market volatility. Macmillan has also cut exposure to European stocks and is holding underweight positions in oil and gas, food, beverages and tobacco and pharmaceuticals, saying he believes they have less valuation upside than insurance and engineering.
Partner Insight: Continuing the Architas education series for clients.
What made financial headlines over the weekend?
290,000 already affected
Putting the tech into protection
Square Mile’s series of informal interviews