Pure value equity fund by Flemings

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Flemings is to launch a UK Strategic Value unit trust on 8 May with a focus on large and mid cap sto...

Flemings is to launch a UK Strategic Value unit trust on 8 May with a focus on large and mid cap stocks. The portfolio, which will be run by the pan-European equity team headed up by Andrew Spencer, is to have a 50% weighting in FTSE 100 and 50% in the FTSE Mid 250. Spencer runs the group's Save & Prosper Premier Equity Growth unit trust on the premise that only true value and true growth stocks provide good long term returns and everything else should be dispensed with. The launch of Save & Prosper UK Strategic Value, which will run a portfolio of around 140 stocks, is aimed at giving UK...

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