UK portfolio managers are neutral to underweight construction and housebuilding companies, although ...
UK portfolio managers are neutral to underweight construction and housebuilding companies, although they are open to selected stock opportunities. Royal & SunAlliance Investments is broadly neutral in its exposure to the building and construction sector although Michael Felton, UK fund manager at the group is keen on construction firm Aggregate Industries. He believes the firm is set to benefit from the ongoing roadbuilding programme in the US as well as potential increased investment in roads in the wake of the recent Comprehensive Spending Review. Aggregate Industries' shares have fall...
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