Wellington launches 'best ideas' passive-blend US equity fund

Managed by Stephen Mortimer

Mike Sheen
clock • 1 min read

Wellington Management has launched a US equity fund, which combines a selection of "best ideas" stock picks with passive exposure to the S&P 500 index.

The US Dynamic Equity fund's exposure to active stock picks versus the index will vary "depending on the number of stocks in which the manager has high conviction". The minimum weight for active positions is understood to be 10%, with a maximum weight of 90%, and the fund is unlikely to hit either extreme. Vanguard cuts fees on UK active range Managed by Stephen Mortimer, supported by Wellington's wider in-house investment research platform, the fund is based on the understanding that many portfolio managers generate a large proportion of returns from just a few high-conviction pos...

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