Aviva Investors' Aylward goes underweight US for first time since 2011

Aylward heads up the fund house's multi-manager research team, and works on its Multi-Manager 20-60% Shares, Multi-Manager 40-85% Shares and Multi-Manager Flexible portfolios with lead fund manager Peter Fitzgerald. He said he thinks US equities will struggle to make any further gains this year, and has moved the portfolios to an average of 3% underweight the benchmark, affecting the one fund within them focussed on American companies, Janus Capital's subsidiary Intech's Enhanced Index fund. Aylward pointed to the fact that companies listed on the S&P 500 index - one of the best repre...