RSA raises UK stocks in bid for value

RSA Investments' focused UK portfolio is increasing the number of stocks it holds as it moves down the market cap scale. RSA's £23.7m UK Prime has increased the number of stocks it holds to 37 from 31 over the past few weeks as more mid- and smaller-cap stocks are introduced into the portfolio. Mike Felton, manager of the fund, is looking at liquid small-cap stocks and is moving more into the mid- and small-cap area in search of relative value. He added that the more small and mid-caps there are in the portfolio, the larger the number of holdings will need to be. Liquidity restraint...