Jupiter cuts income fund holdings

Anthony Nutt, fund manager of Jupiter Income, has cut back the number of portfolio holdings by some 20% since taking over the unit trust in March. He is now running 170 holdings having taken out 40 stocks and said this was because his investment style differed slightly from that of the previous manager William Littlewood. Nutt said: "I have reduced a lot of the smaller holdings, which were trading positions as William was a more active trader than I am. It is not as if there is a new manager on this portfolio. I have worked with William for the last five years. I know why the stocks are i...