Why Premier Multi-Asset Global Growth has its largest-ever weighting in UK equity funds

UK equities exposure rose by between 3%-5%

The Premier Multi-Asset Global Growth fund now has its largest allocation to UK equity funds since it launched in 2010, according to its co-manager Simon Evan-Cook, while the Premier Multi-Asset Growth & Income fund has its largest UK equity weighting in more than a decade.

Evan-Cook said the team has increased its exposure to UK equities by between 3%-5% across both funds, meaning the former has a 20.8% weighting, while the latter has a 24.9% weighting. Wagstaff and Formica: Jupiter move was about getting back to something much more focused This, according to the senior investment manager, is because they are currently trading on attractive valuations as investors have been panic-selling, yet should also provide protection across portfolios in the event of a sterling uptick or greater clarity regarding Brexit. "Most investors are selling the UK and h...