Newton Europe refocuses

Professional Adviser
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Portfolio has a more focused feel since shant took over as head of european equities in March

Newton Continental European is being run with a more focused portfolio since Raj Shant took the helm. Shant, who joined the group as head of European equities in late March, has since finished his review of the portfolio and reduced the fund's number of holdings to 51. The fund's sectoral positioning has also been altered to reduce exposure to technology, telecoms and food retailers and increase holdings in banks. Shant stressed the process was one of tweaking rather than any wholesale changes. His underweighting of technology, both hardware and software, reflects his view that the se...

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