UK equity managers split on domestics

Aegon's Adams and Gartmore's Himsworth differ on domestic stocks but both aim to avoid crowded trades

Aegon’s head of UK equities Stephen Adams has increased his exposure to unloved domestic stocks amid concerns of increasingly crowded trades in overseas earners. Adams, who manages the £184m UK Equity fund, says he still favours stocks with overseas exposure but believes their growing popularity among investors has created good opportunities among more UK-centric names. In recent weeks Adams has taken advantage of volatility surrounding both Royal Bank of Scotland and British Airways to build his holdings in these companies. The moves were part of an overall 2.5% sell-off of FTSE 250 ...