Miton's Martin Gray doubles UK equities exposure over a year

Miton's Martin Gray has been cutting his bond exposure and upping his weighting to UK equities over ...

Miton's Martin Gray has been cutting his bond exposure and upping his weighting to UK equities over the past year on his Special Situations and Strategic funds. Over the year to 31 March, Gray doubled his UK equity holdings in Special Situations from 7.6% to 16%. More than 3.5% of this was bought during February. He upped his property exposure from around 4% to more than 8% over the same period through buying UK Reits, but his global bond weighting was cut from 10.37% to 6.79%. Gray's cash position on the fund was reduced by nearly 5% last month, down to 28.5% by the end of March. O...