Graham Ashby has swapped 20 of the 50 stocks he inherited on the Ignis UK Equity Income fund in favour of stocks he prefers such as BSkyB and Petrofac.
BSkyB has announced record nine-month profits this morning, in the same week that saw MPs label major shareholder Rupert Murdoch "unfit" to run an international media group.
Rupert Murdoch could be forced into selling his stake in BSkyB as it emerged Ofcom, the media regulator, is investigating whether News Corp is 'fit' to run the TV group.
James Murdoch has been re-elected as chairman of beleaguered media group BSkyb despite calls from fund management groups for his resignation.
British Sky Broadcasting Group has announced Martin Gilbert, founder of Aberdeen Asset Management, is set to join its board of independent non-executive directors.
BSkyB is set to return £750m to shareholders in share buybacks, in a bid to compensate investors after News Corp was forced to abandon acquisition plans for the broadcasting company.
Leading brokers have urged investors to buy BSkyB as shares in the broadcaster fell 18% and News Corporation withdrew its bid for the firm.