Ignis' Ormiston adds to construction ahead of next leg of Europe rally
Ian Ormiston has added to European construction stocks in his Ignis European Smaller Companies fund in the expectation this area of the market is in line to benefit from a economic recovery.
The manager has invested in toilet maker Sanitec and flooring company Tarkett, both plays on increasing housing transactions; he also added French housebuilder and estate agent Nexity and insulation producer...
