UK Enterprise FTSE bias

By Leo Bland Schroder UK Enterprise is holding a quarter of its portfolio in the top 10 FTSE stocks, a position five times bigger than its exposure to the 10 largest listed companies when the fund was managed by Jim Cox. The fund, which was taken over by Philip Hardy in October last year from Cox after he retired from Schroders, has 25% in the largest 10 stocks. This compares with 4-5% last autumn when the fund was under Cox's management and had a value bias. But Schroder UK Enterprise's current holding in the top 10 stocks in terms of size still represents an underweight position agains...