L&G converts Japan and Pacific funds into focused mandates

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L&G Investment Management is introducing a concentrated approach to its Japan and Pacific funds follo...

L&G Investment Management is introducing a concentrated approach to its Japan and Pacific funds following success on the similarly run UK and European vehicles. Stocks on the Japan and Pacific Growth Trusts will fall to around 60 each as the group applies a high conviction approach across its actively-managed equity business. Pacific Growth will also be adopting a more dynamic approach, with the group pulling out around £200 of internal money and shrinking the portfolio from £270m to £70m. After introducing the focused concept three years ago on its UK Alpha fund three years ago, Mark ...

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