L&G applies focused approach to Japan/Pacific funds

L&G Investment Management is introducing a concentrated approach to its Japan and Pacific funds foll...

L&G Investment Management is introducing a concentrated approach to its Japan and Pacific funds following success on the similarly run UK and European vehicles. Stocks on the Japan and Pacific Growth Trusts will fall to around 60 each as the group applies a high conviction strategy across its actively managed equity business. Pacific Growth will also be adopting a more dynamic approach, with the group pulling out around £200 of internal money and shrinking the funds from £270m to £70m. After introducing the focused concept on its UK Alpha fund three years ago, equity head Mark Burgess...