Brooks Macdonald cuts equities and UK property OEICs in favour of REITs

Added to income-focused hedge funds

Natalie Kenway
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Edward Park of Brooks Macdonald
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Edward Park of Brooks Macdonald

Edward Park, director on the investment committee at Brooks Macdonald, has told Investment Week how the group has cut UK equities in favour of structured products, hedge funds and convertible bond funds, while also halving UK open-ended property exposure amid liquidity concerns.

London-based Park, who has worked at the firm since he joined as a trainee investment manager in 2009, said the team has particularly reduced allocations to UK equities, where they are negative on the...

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