LeggMason's UK Emerging Growth fund aims for the top decile by December

Professional Adviser
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The LeggMason fund formerly run by Mark Slater is continuing to underperform the market despite a ...

The LeggMason fund formerly run by Mark Slater is continuing to underperform the market despite a change in manager, investment remit and portfolio construction. LeggMason Investors UK Emerging Growth fund, previously known as the Slater Growth Trust, has performed poorly over the past month due to market volatility, according to its new manager John Johnston. He said: "There is always volatility at the bottom of the cycle. This has also been caused by more activity from momentum players and hedge funds." Johnston added that he is picking long duration stocks, which explains...

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