Neptune's Martin: Look beyond FTSE 250 for best buys

Top-performing Neptune mid-cap manager Mark Martin has been adding to ex-FTSE 250 companies following the latest index shake-up.

The FTSE 250’s latest quarterly review took place in June, with the inclusion of several recently-floated companies such as Poundland, Pets at Home, and Just Eat. But according to the manager of the £237m Neptune UK Mid Cap fund, the best buys are the firms pushed out of the index by more speculative growth stories. As a result of picking up these companies, Martin has reduced his FTSE 250 weighting and moderately increased his small-cap exposure. He said: “We have been finding some interesting opportunities in companies that have been constituents of the FTSE 250 for a long time. ...