Threadneedle's Haines ups stake in 'self-help' mid caps

Threadneedle's Simon Haines is increasing positions in mid-cap ‘self-help' firms in the view they are best positioned to prosper in volatile markets.

The top ten holdings in Haines' Threadneedle UK Mid 250 fund include a host of support services companies that have the ability to refocus their businesses. The manager (pictured) pointed to Berensen, the largest position in his portfolio, as a stock which is set to benefit from a new management team which has renewed its focus on return on investment capital. "Support services companies such as Berensen are good examples of how the primary driver of earnings growth over the next 24 months will be self-driven improvement stories," Haines said. "These companies will be improving the...