Funds & ETFs 

Diverse Income Trust cuts exposure to UK consumers

Diverse Income Trust cuts exposure to UK consumers

Diverse Income Trust's (DIVI) managers, Gervais Williams and Martin Turner, have boosted its defences against market turbulence by tilting it away from consumer stocks. They reduced the small-cap-focused UK equity income trust's exposure to consumer-focused companies from 27.1 per cent of assets a year ago to just below 20 per cent by the end of 2017. And Mr Williams said they might reduce this further.

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