Isis cuts back on fixed income

Professional Adviser
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Richard Philbin, fund of funds manager at Isis, is selling out of Aberdeen Fixed Interest in his £28...

Richard Philbin, fund of funds manager at Isis, is selling out of Aberdeen Fixed Interest in his £28m AA-rated Isis Managed Growth fund. Philbin said the decision was largely brought about by his desire to reduce fixed interest and increase exposure to equity income and aggressive UK growth holdings. He is reducing his 6% holding in the Aberdeen fund, managed by Paul Reed, and will recycle the funds into Rathbone Income, managed by Carl Stick, and Liontrust Income, managed by Jeremy Lang. Elsewhere, he is increasing his holding in Lazard UK Growth, managed by Simon Roberts and Tony Wi...

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