View more on these topics

RLAM shifts European equity funds away from income

Royal London Asset Management has rejigged its European equity funds, moving away from income and towards a more high-conviction approach.

The firm’s £290m European Income fund has been renamed the Royal London European Opportunities fund and its portfolio has been cut and realigned to focus on growth.

In four tranches of trading over almost two weeks in June, the fund was tightened to just 38 stocks, down from 52.

Neil Wilkinson, formerly sole manager of the £658m Royal London European Growth fund, has taken the lead manager role on the opportunities fund while remaining deputy on the growth fund.

RLAM European equity fund manager Andrea Williams will be lead manager of the growth fund and deputy on the opportunities fund.

Wilkinson says: “Over the past 12 months we thought it was appropriate to make a clear air of difference between the risk profiles.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com