UK All Cos funds benefit from return of stockpickers' market

UK All Companies funds suffered a difficult 2010 - in sales terms, at least - with the peer group revealed as the industry's least popular sector in February-April, September and October.

This highlights a clear skew towards bonds last year and fails to reflect improving performance from the peer group. With stockpicking returning to prominence last year after 2009’s broad-based rally, individual company calls have dictated fortunes in the sector, although a mid- and small-cap bent has also proved beneficial. Slater Growth is the sector’s best performer over three years, as well as three and 12 months, dropping to third for five years. Manager Mark Slater refined the process on the vehicle this year, introducing a purer focus on his favoured low PEG (price-to-earnin...