MLIM spreads risk wider

Ian Rowley and his large-cap global equity team have increased the number of stocks held in the Merrill Lynch Investment Managers £16.6m Global Equity and £101.6m Global Titans funds. Rowley, lead manager on the fund who joined Merrills from UBS Asset Management, said the increased portfolio diversification is a function of increased event risk overshadowing global markets, most notably in the US. It also reflects the fact that while the excessive valuations of large-cap global equities have been largely eliminated, markets are not by any means cheap. He said: 'It is much less of a ca...