Manager Alan Stokes has put money with Threadneedle equity income manager Leigh Harrison since Harrison was at Sun Life of Canada, which was acquired by Credit Suisse in 2001.
Stokes does not move money out of funds to follow managers when they leave investment groups but monitors their performance in their new environment and invests when suitable opportunities come along.
Stokes says: “When markets bombed out, we took a 7 per cent weighting in Threadneedle UK equity income fund which brings it in line with other holdings. We would let cash in the portfolio run up to 10 per cent and now we have still got 6 per cent in cash, as new money has come in.”
He is also looking at fixed-income opportunities for the cautious portfolio. He is considering a global income fund but is not in any rush to spend money or sell existing holdings.