Contrarian Mott bucks trend by adding stocks to Income fund

Staunch contrarian Bill Mott is again bucking a trend in the IMA UK Equity Income sector, boosting t...

Staunch contrarian Bill Mott is again bucking a trend in the IMA UK Equity Income sector, boosting the number of holdings in his Income fund in a bid to capture a thematic-based market revival. As many income managers reacted to 2008's market carnage by reducing their holdings, PSigma's Mott took the number of stocks in his fund from 100 a year ago to 118. In gradually downsizing his bank weighting last year, Mott has deliberately avoided too much single-stock risk and added from sectors rather than individual companies. While PSigma says its £348m Income fund remains a high-convictio...