Royal London Asset Management
Royal London UK Growth Trust
UK Growth
Dec 2025 → Dec 2025
Our archive holds 1 letter from this strategy and positions in 16 companies. Every quote below is copied verbatim from the letter it came from.
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What it bought and sold
Other changes of note included reducing exposure to Tesco and NatWest, both having performed well over the course of the year.
We took the opportunity to reduce the position in SSE as the shares jumped on its updated investment plan announced in November, which will be partly funded by raising equity.
We also continued to build our investments in new positions introduced in the prior quarter, most notably British American Tobacco and Informa.
Other changes of note included reducing exposure to Tesco and NatWest, both having performed well over the course of the year.
We also continued to build our investments in new positions introduced in the prior quarter, most notably British American Tobacco and Informa.
Proceeds were reinvested in our existing holding of Segro, the UK’s largest REIT with a focus on industrial assets in the UK and Europe, where we see green shoots of recovery.