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If covid-19 cases keep falling, and buoyed by attractive valuations, the UK will look more investable
Despite a perceived weak economic outlook and the FTSE 100 suffering its worst year since 2007 with a 14% decline in 2020, the Liontrust multi asset team is increasing its weighting to UK equities.
As part of its strategy of favouring cheaper equity markets; including Europe, Japan and Asia/emerging markets, rather than the expensive US, Liontrust said it is now “increasingly comfortable” favouring the UK as well.
Having been neutral on UK equities for much of last year, growing vaccine optimism led the multi asset team to adopt an overweight stance in November, while it also upped its exposure to small caps as the end of the Brexit transition period approached.
Ninety One to merge pair of Alastair Mundy’s shrinking funds
UK Total Return has been combined with UK Special Situations after losing over 80% of its assets in 2020
Ninety One has merged a pair of Alastair Mundy’s former funds after both saw assets shrivel during the pandemic.
An announcement posted to the fund group’s website confirmed it had combined the Ninety One UK Total Return fund with the UK Special Situations fund at the end of February.
Explaining its decision Ninety One said UK Total Return’s size “has declined significantly to the point that it is no longer economically viable and is not expected to grow.”
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