Martin Currie UK Growth adds miners looking to upside potential by year end

Martin Currie's Jeff Saunders added two miners to his UK Growth portfolio last month citing upside p...

Martin Currie's Jeff Saunders added two miners to his UK Growth portfolio last month citing upside potential, but says he is not ready to apply this to the sector as a whole. He reduced a number of smaller holdings to introduce a 3% position in Anglo American and 2% in Kazakhmys to the fund. The move brings his overall mining exposure to around 9%, having also added to longer-term positions in Rio Tinto and BHP Billiton. He says the acquisitions simply reflect a confidence in Anglo American and Kazakhmys, rather than the mining sector in general. "We really just build it on a stock-...