LVAM launches first UK Equity fund

The LVAM UK Equity Fund, which will be managed by Chris Price, is based on an existing internal income product. Price says the internal performance was so good the company was convinced to launch it into the market. He says the new product fits with the companies' emphasis on having a greater focus on the retail market. The fund will invest at least 80% in UK equities, with the remaining 20% invested in other securities. "The portfolio is widely spread at the moment, but the bias is slightly towards the more defensive end," says Price, adding that he is looking at companies with solid...