LV= ups retail presence with UK Equity launch

LV= Asset Management is continuing its drive into the retail sector launching its first UK Equity fu...

LV= Asset Management is continuing its drive into the retail sector launching its first UK Equity fund. LVAM UK Equity fund, which will be managed by Chris Price, is based on an existing internal income product. The fund will invest at least 80% in UK equities, with the remaining 20% invested in other securities. "The portfolio is widely spread at the moment, but the bias is slightly towards the more defensive end," says Price, who says he is looking at companies with solid cash flows and solid balance sheets which he hopes will generate yield progression. Price says he remains nega...