Sanford DeLand Asset Management's Rosemary Banyard has unveiled the top ten holdings in her recently-launched Free Spirit fund, as she describes challenging "effervescent" equity markets in the UK.
The ex-Schroders manager launched the fund in January 2017, her first multi-cap fund based on a pension mandate she ran for her former employer, which aims to return a minimum of CPI +2% after costs per annum. It has raised £3.25m since inception, which she said is on track for a £10m target after the first year. Around 25%-30% of the portfolio is still in cash, but Banyard said this should drift below 20% by mid-July and she hopes for some market volatility to put the cash to work. "I would like to see a correction to pick up the stocks that I would love to buy but are currently ...
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