Mining stocks drive Monnelly's Q1 success

With lead manager Jeff Sanders on sabbatical, replacement John Monnelly thanks miners and more rational market environment for strong start to 2008

Martin Currie UK Growth is a concentrated portfolio focusing on 29 large-cap names. Run by Jeff Saunders since January 2001, the fund offers exposure to the team's highest conviction ideas and is benchmarked against the FTSE All-Share. In the last month, Saunders has taken a six-month sabbatical for family reasons. As a result, John Monnelly has assumed responsibility for all his UK portfolios, including UK Growth, until Saunders returns to the firm in November. After lagging the FTSE All-Share index in 2007, the £109m portfolio has enjoyed a strong start to the year. Monnelly put...