RLAM European Growth manager shuns defensives and piles into banks with eurozone issues ‘already in the price'.
Kevin Lilley is the manager of the top-performing Royal London European Growth fund. The fund delivered 28% over three years compared to the IMA Europe ex UK sector average of 7%, making it the fourth most successful fund in the peer group. Lilley, previously an investment manager at Lincolnshire Couty Council, has run the fund since he joined RLAM in 2001. Has anything in particular contributed to performance over the past three years? During the crisis we were very underweight in banks. At the start of 2009, we went overweight for a while and we remain overweight now on the basis a ...
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