Colin Morton, lead manager of Franklin Templeton's £504m UK Equity Income fund, has reduced the fund's exposure to utilities after taking a hit from investing in the sector, which is facing mounting political risks.
Morton identified the UK government's plans to impose a price cap on the sector as well as the resurgence of the Labour Party under current leader Jeremy Corbyn as the two key political headwinds for utilities....
Uptick in investor sentiment
Converting £1.9bn European Special Sits fund
According to Cicero report
Newly created role