Isis UK Growth & Income fund switches sector

Rodger McNair's Isis UK Growth and Income fund has switched from the UK All Companies into the UK Equity Income sector following IMA approval. To accompany this switch the portfolio is to become more focused with the number of holdings in the portfolio to be reduced from 90 to 60. To comply with Equity Income sector requirements, the fund will have a formal yield target of greater than 110% of the yield of the FTSE All-Share Index.