Montanaro ups focus on familiar holdings amid market volatility

Montanaro UK Smaller Companies has added to existing positions with familiar business models amid re...

Montanaro UK Smaller Companies has added to existing positions with familiar business models amid recent volatility, increasing concentration in the portfolio. At 31 March, the trust consisted of 66 companies, compared with 71 a year earlier. The top 10 holdings represent 26.0% of total assets against 23.6% one year ago. Chairman David Gamble said: "In a more challenging market where profit warnings are increasingly common, we believe it is a case of better the devil you know. "We have taken the opportunity to add to existing positions whose business models are familiar to us and wi...