City Financial fund manager Leigh Himsworth has increased his weighting towards asset managers.
Himsworth, who manages the £41m CF Eden UK Select Opportunities fund, has promoted F&C Asset Management to his ninth top holding.
Himsworth, who has also taken up a position in Ashcourt Rowan, has pointed to recent merger and acquisition activity for this change.
He says: “I’m keen on financials, they all look good value.
“There is continued consolidation in that space. They are all pretty well geared for rise in fees.”
CF Eden UK Select Opportunities’ cumulative performance to 6 June 2013
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Source: FE Analytics