Tighter focus for Newton

Newton Growth is being run with a tighter, more focused portfolio since Simon Smith took the helm last year and will become even more concentrated over the next few months. Smith felt the fund was too broadly invested and lacked sufficient focus. To this end, he set about reducing its small holdings and cutting underperforming assets. He said: 'I have gone through the portfolio, which has resulted in a number of holdings being pushed out and weightings in other stocks being increased. 'The number of holdings is down from 100 to 92 and I would be quite happy to get the portfolio down t...