Equities

Profits also up on 2014

Cut equity exposure

Back in black for first time since April

Reduced number of stocks to increase conviction

Shifts in currency and equity positions

Brings over $167m fund

Royal London Asset Management CEO, Andrew Carter, tells Hardeep Tawakley how the group is 'reinventing itself' to broaden its appeal to retail investors and capitalise on new pensions freedoms.

Strategy for downside protection

Highest since June 2013

US stocks had a disappointing first three quarters of the year and volatility jumped as Federal Reserve uncertainty and Chinese growth concerns rattled investors.