Who are the most bearish UK equity managers?

Investment Week reveals the most bearish UK equity managers at a time when an increasing number are holding a significant chunk of their portfolios in cash as fears of a correction grow.

Research conducted by FE for Investment Week shows 11 funds across the IMA UK All Companies, UK Equity Income, and Smaller Companies sectors currently have more than 10% in cash, while a further 34 funds have in excess of 5%. Fund buyers usually avoid equity funds running high cash weightings, as it interferes with their asset allocation models. The most bearish funds include the £840m SJP Equity Income and £1.4bn JOHCM UK Opportunities funds with 15.7% and 19.4% in cash, respectively, while the smaller £64m S&W Revera UK Dynamic and £32m ConBrio UK Opportunities funds allocate as muc...