Media bias set to continue

The manager of the Henderson Smaller Companies investment trust has more than halved a previously overweight exposure to technology since taking over 10 months ago. Neil Hermon, who joined Hendersons from Morley last November with Theresa Wat, said the technology weighting had been reduced from more than 28% down to 10%-12%. He has directed the proceeds from selling technology stocks into building up exposure to previously ignored areas such as the insurance and construction sectors. In total, there has been more than 50% turnover since he took over management of the fund from John Al...