Top quartile Hanbury benefits from flight to blue-chip quality

R&M's UK Equity manager focuses purely on FTSE 350 stocks in appalling market conditions, returning a first-quartile -25.6% in All Companies sector

River and Mercantile launched UK Equity as its fourth retail fund in February, designed to form a core part of client portfolios. Ex-Investec manager Dan Hanbury is lead on the vehicle, which sits alongside UK High Alpha, UK Equity Unconstrained and UK Smaller Companies in the range. UK Equity focuses purely on FTSE 350 stocks and has therefore benefited from the general flight to blue-chip quality in recent months. Over three appalling market months to 24 November, the fund's -25.6% is top quartile in the All Companies peer group. Hanbury says R&M always intended to launch UK Equit...