Green revamps Aviva UK Focus following handover

Ex-Henderson manager Trevor Green has revamped the £128m Aviva Investors UK Focus fund since he took it over from Mervyn Douglas in May this year.

Green, who ran the Henderson Managed Distribution fund, is reversing some aspects of the fund’s investment approach, including tight concentration of stocks, value-driven stock selection and avoidance of mid caps. Green has increased the number of stocks from 25 to 37 in a bid to be more risk and benchmark aware. “There will no longer be 25 equally-weighted names. Instead there will be a maximum of 10% and minimum 1% in each stock to stop having tail holdings,” said the manager. Green has also upped the previous 4% exposure to FTSE 250 companies to roughly 20%. “I am always goin...