Bradbury successor Watts takes early cycle exposure

Manager repositions UK Select Mid Cap fund in order to benefit from consumer spending

Mark Colegate, editorial director of Asset TV, talks to Richard Watts, who took over running the Old Mutual Asset Management UK Select Mid Cap fund from Ashton Bradbury in January. What changes have you made since taking over from Ashton Bradbury? The changes really are just repositioning the fund more towards introducing early cycle exposure into the portfolio. We were underweight late cycle areas of the market. I just felt that, given the market declines at the end of last year, I did not want to be too underweight cyclicality. Therefore, I started introducing early cycle exposure i...