Rathbones is preparing to move its Income and Growth fund into the UK Equity Income sector. At pre...
Rathbones is preparing to move its Income and Growth fund into the UK Equity Income sector. At present Julian Chillingworth’s £45m fund sits in the UK All Companies sector, but the manager has been repositioning the portfolio with a greater bias towards large caps. Chillingworth is not fully invested yet and is sitting on a cash position, but his aim is to put around 70% of the portfolio in FTSE 100 stocks. When he reinvests his cash back into the market, the fund will meet the IMA’s yield requirements for inclusion in the sector. Head of marketing David Holloway said: “The fund has a ...
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