Defensive stance for RSA

The forthcoming RSA European Prime fund will look to take up a defensive stance when it launches on 1 October. Davina Curling, who is to run the concentrated equity portfolio, aims to identify stocks with long-term value. She sees a lack of clear direction in the economy and stock market at present, which is leading her towards this more cautious position. She said: 'When we begin to see a rally around the fourth quarter then we will edge in some more aggressive cyclical stocks. 'There are no restrictions in the fund in terms of geographical, sectoral or index weightings. By nature I ...