Ashby ups life assurance weighting

Professional Adviser
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Deutsche UK Equity Income manager expects to continue in the role after Adrian Frost returns from sabbatical

Graham Ashby, manager of the Deutsche UK Equity Income fund, has moved the portfolio overweight life assurance and decreased its weighting in the Smiths Group since taking over from Adrian Frost earlier this year. Ashby began managing the fund in March, following the departure of Frost for a six-month sabbatical. Whether Frost returns in September or not is unclear, but if he does, Ashby believes he will not be returning to manage the UK Equity Income fund. He said: 'I am running the fund as if it is for the long term. If and when Frost returns, a decision will be made on his re...

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