Stanley puts mark on Stewardship funds

F&C's Catherine Stanley has nearly completed the rationalisation of the £800m Stewardship range of funds after taking the reins in June this year.

Stanley has now imposed a minimum £150m market-cap on holdings entering the Stewardship Growth fund and a £50m minimum for Stewardship Income. In addition, she has cut nearly all holdings in both funds which were less than 0.5% of the portfolio to ensure each position is a ‘meaningful' size. Stanley has now reduced the number of holdings in the Income fund from 80 to 73, while Growth has been cut from 87 to 81. "When I took over the funds I wanted to rationalise their holdings and to lose holdings which were not of a meaningful size," says Stanley. "However, I have not been sell...