Framlington is offering a 1% discount on George Luckraft's Equity Income and High Income funds start...
Framlington is offering a 1% discount on George Luckraft's Equity Income and High Income funds starting on 18 January running to 5 April. The move follows Luckraft's completion of modelling the two funds into his desired shape after joining the group in September last year. Since taking over the Equity Income Fund in September Luckraft has cut the fund's FTSE 100 exposure from 50% down to 35%. He has cut its combined exposure to BP, Glaxo and Vodafone from 20% down to just 7%. In their place Luckraft has built up holdings in small and mid-cap stocks, which now account for 65% of the f...
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