Slater Investments' chief investment officer Mark Slater has indicated the firm's Recovery fund could be merged with its Growth strategy, as the correlation of holdings in the two vehicles reaches an all-time high.
Currently, six of the funds' top ten holdings are the same, and both vehicles invest heavily in support services, pharmaceuticals and media companies. The MFM Slater Recovery fund, which was launched before the Growth product, in March 2003, has only managed to gather £35m in assets. On the other hand, the Growth fund, launched in March 2005, is now £295m in size. The ten best funds over six year of record-low rates Slater (pictured), who is lead manager on both vehicles, said: "There is a very high correlation between the two funds, the highest it has ever been. Special situations ...
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