new star manager will have five times as many FTSE 100 companies than in rathbones fund
The New Star Select Opportunities fund will contain about five times as many FTSE 100 companies in its portfolio as Patrick Evershed held in his previous fund, Rathbones Special Situations. The fund will start its life with 10%-15% in blue chip stocks, compared with just 3% in the Rathbones' portfolio. 'I am nervous about the market and so have put more money into bigger companies than I would normally,' he said. 'Also, the main market has fallen quite a long way and the smaller companies sector, by comparison, has not. My experience is that after a major shake out in FTSE stocks, ...
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