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...
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