SLI's Moore to boost mid-cap exposure in Equity Income trust

Standard Life Investments' Thomas Moore is set to shake up holdings in the group's £107m Equity Income trust when he takes over as lead manager next year.

In the trust’s annual results last week, the board announced Moore has been appointed co-manager, alongside Karen Robertson, and is set to become sole manager next year. Moore said he will revamp portfolio construction, boosting exposure to FTSE 250 names and giving it a more unconstrained mandate. The fund is benchmarked to the FTSE All Share, with 76% of the portfolio comprised of FTSE 100 names. “My intention is to gradually move the portfolio construction towards a slightly less index constrained approach,” said Moore. “This will lead to a higher weighting in the FTSE 250, w...