British funds raise stock holdings in April

By Claire Milhench LONDON (Reuters) - British funds raised their equity holdings in April off March's five-year lows, chasing the global stock market rally that has continued into the second quarter thanks to loose central bank policies. UK asset managers have been in a broadly risk-averse mood this year, with many positioning for Britain to exit the European Union after a June referendum by selling equities and raising cash and bond holdings in portfolios. This, in conjunction with continued st