Rodrigs adds to internet retailers to benefit from Covid trends

Purplebricks, Gear4Music and Angling Direct

Philip Rodrigs has upped his weighting to online service providers as his Raynar Flagship portfolio continues to take advantage of structural trends towards home working and ecommerce that have been accelerated by the Covid-19 pandemic.

As Rodrigs continues to deploy cash raised into the market, the Flagship strategy snapped up shares in Purplebricks in July, helping increase its weighting to internet-enabled retail and service providers from around 12% to more than a fifth of the fund. Rodrigs said Purplebricks' disposal of its Canadian operations made it a pure-play on the UK market once more, ending what had been ultimately unsuccessful ventures into overseas markets that has depressed sentiment for the stock. Rodrigs stocks up on Covid-19 beneficiaries for new strategy While Raynar had invested before the anno...