Martin Cholwill is backing 'British leaders' in the mid-cap space, especially in the industrials sector, in his £500m Royal London UK Equity Income fund.
European fund managers have rotated out of blue-chip defensives in favour of more economically sensitive cyclical stocks as they call the end of the sovereign debt crisis.
Royal London Asset Management is to extend its fixed income capabilities with the launch of three short duration funds for Paul Rayner, Craig Inches and Sajiv Vaid, Investment Week can reveal.