Threadneedle's Chris Kinder (left), manager of the group's flagship UK fund, has reduced the portfolio's mining exposure after taking over from former manager Simon Brazier in September.
Kinder, best known as co-manager of the top-performing UK Absolute Alpha fund, has trimmed the overall number of holdings in the UK portfolio as he brings his own ideas to the fund. However, despite having sold a significant position in mining and metals firm First Quantum, Kinder said the portfolio’s style or broad-based sector exposure will not be altered now he is in charge. “The major change has been a reduction in the mining position. “The fund had a very large position in First Quantum, but changes have been made without altering the overall risk budget of the fund. “I do ...
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