PSigma's Mott takes contrarian stance on Income fund holdings

As many income managers reacted to 2008's market carnage by reducing their holdings, Mott took the number of stocks in his fund from 100 a year ago to 118. In gradually downsizing his bank weighting last year, Mott has deliberately avoided too much single-stock risk and added from sectors rather than individual companies. While PSigma says its £398m Income fund remains a high-conviction vehicle, it continues to have an index-weighted position in defensive plays - including pharmaceuticals, utilities, tobacco. "With so many opportunities out there in the market just at the moment, we w...