Ninety One's Brazier: Where we got it right and where we were wrong in our Covid-19 response

Increased turnover key to fund's turnaround

A balanced portfolio puts Ninety One UK Alpha in a strong position to "fight all oncomers" heading into 2021, after manager Simon Brazier upped the fund's turnover in the months following the Covid-19 stockmarket fall.

After a quiet previous three months, where the fund sold M&G after its merger with Prudential and switched some of its position in Ryanair in favour of a larger stake in easyJet, Brazier said he had around...