fund manager of the martin currie uk growth fund is overweight vodafone, BT and mm02
Jeff Saunders, manager of the £63m Martin Currie UK Growth fund, is heavily weighted towards the telecoms and mining sectors. Although a bottom-up stock picker, Saunders said telecom stocks are displaying all the qualities he looks for when choosing companies so has ended up with 16.7% of his fund invested in the sector compared to the All-Share index weighting of 9.7%. He holds overweight positions in Vodafone, BT and mmO2. Each of these companies is displaying similarly attractive characteristics, according to Saunders. Primarily, they are cutting back on capital expenditure, which ...
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