Murphy makes a mark on UK equities sector

M&G UK Growth split into core and satellite portfolios, with the latter picked to reflect market themes such as commodities and self-help stories

Simon Murphy celebrated three years at the helm of M&G's UK Growth fund this month, in a tenure that has seen the fund return 72.4% against the FTSE All Share's 64.4%. The manager attributes the fund's success to his pragmatic investment approach. Holdings are split into so-called core and satellite stocks, the latter picked to reflect contemporary market themes and held for a six to 12-month period. Core stocks are high-quality companies that Murphy predicts will perform well over a three to five-year period. Murphy aims to keep the fund diversified so that no sectors are particularly fa...