Mark Webster, manager of the Exeter European Fund, has altered 10% of the fund's portfolio, since Ex...
Mark Webster, manager of the Exeter European Fund, has altered 10% of the fund's portfolio, since Exeter took over the management of the fund from Sanwa. Webster started running the former Sanwa European Fund on 1 June this year. He said he is looking to concentrate the fund's portfolio down from the 72 stocks he inherited to around 50 stocks at first. At Sanwa, the portfolio was managed on a core/satellite process, with large index companies providing ballast. Webster said he is looking to move away from this process and is not afraid to take big bets in some sectors and hold nothing ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes