SocGen UK Growth fund overweight in mid caps

clock

The SocGen UK Growth unit trust has been building up its weighting in medium-sized companies. Fund m...

The SocGen UK Growth unit trust has been building up its weighting in medium-sized companies. Fund manager Peter Seabrook has increased his exposure to the FTSE Mid-250 to 24% of the portfolio from 18% in March. The increase has been partly prompted by acquisitions in the building and transport sectors. Among the stocks he has been including are Meyer, Wolsely and FirstGroup. The move has been prompted by the better than expected prospects for the UK economy. Seabrook said: "On the face of it, the UK economy looks very good with rising growth and negligible inflation. Corporate balance s...

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

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •