Framlington UK Select Opportunities manager has increased large caps from 0% to 12%
Manager Nigel Thomas has increased the weighting of FTSE 100 stocks in his Framlington UK Select Opportunities fund from 0% to 12% since taking over the portfolio in September 2002. This exposure is likely to increase further over time, he said, with the ultimate aim of having one-third of the fund invested in such companies. While Thomas generally aims to add value through bottom-up stock from outside the FTSE 100, he believes a multi-cap portfolio is the best way to achieve long-term capital appreciation. At present, Thomas is buying FTSE 100 companies that are dominant in their par...
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