Standard Life trust increasing holdings

Amanda Forsyth, investment director of the Standard Life UK Equity Growth Trust, has increased the average number of holdings in the portfolio from 30 to 40 stocks. Almost a year after taking over the portfolio from Jeff Saunders, who left last August, the fund has nearly trebled in size from £60m to £170m, which has led Forsyth to increase the average number of holdings. She said: 'This makes the portfolio more liquid and means we are holding stocks that represent 2% of the portfolio rather than 3%. The fund has been overweight the housebuilding sector, which was ideal over the win...