F&C UK Growth and Income Fund boss suggests change of approach

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F&C UK Growth and Income Fund boss suggests change of approach

Fri 16th Jun 2006

The key for income managers is not whether to shift from value to growth stocks but rather it's the balance within their portfolio, according to the manager of the F&C UK Growth and Income Fund.

Many traditional equity income funds maybe missing out by not having lower-yielding growth companies "on their radar", said Ted Scott, manager of the F&C UK Growth & Income Fund.

A mix of higher yielding and generally lower-risk stocks within an investment portfolio is the approach taken by Mr Scott's own equity income funds, what he calls the "bar-bell" approach.

Mr Scott added: "The real issue in our view is whether you are in 'cyclical' stocks whose performance is sensitive to the macro-economic environment, such as commodities, or defensive parts of the market."

Management of F&C UK Growth & Income Fund was taken over by Mr Scott in July 2005.

F&C currently has £112 billion worth of funds under management worldwide.

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