Dresdner UK Growth underweighting Vodaphone

Former Credit Suisse fund manager Trevor Green has moved underweight Vodafone in the £170m Dresdner RCM UK Growth fund. Green, who had been groomed as a successor to Bill Mott before joining Dresdner, has also sold down the fund's holding in the oil sector and increased its exposure to banks. Green has also taken over the group's £85m UK Mid Cap fund, once managed by Derek Lygo. He has sold down the fund's large weighting in cyclicals and added to financials, food manufacturing and healthcare.