By Leo Bland Threadneedle's mainstream UK growth Oeic is overweighting the resources area of the ma...
By Leo Bland Threadneedle's mainstream UK growth Oeic is overweighting the resources area of the market amid a bullish view on the oil price. Threadneedle UK Growth, managed by Forsyth McGarrity, has overweight positions in oil stocks, including Shell, as the group believes the oil price will stay higher for longer than the market is anticipating. McGarrity added Shell is showing evidence its restructuring programme will deliver cost cuts and improved returns. The Oeic is also overweight the media sector in the belief brand and quality of content will continue to drive these stocks, with...
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