Morton cites dramatic small- and mid-cap hikes as reason for vehicle's outperformance

Rensburg UK Managers' Focus Trust manager ascribes lift in returns to sector turnaround

Rensburg UK Managers' Focus Trust's performance has picked up due to dramatic hikes in the small- and mid-cap sectors this year, according to co-manager Colin Morton. He says despite the fund suffering throughout late 2007 and early 2008 (having launched in September 2006) as equity markets took a hit and small- and mid-cap stocks in particular declined, the vehicle slid over one year to its current position of 234 out of 307 funds in the UK All Companies sector. The IMA UK Smaller Companies sector has risen 22% since the end of February, while the trust is up 13.2% against the IMA All ...