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Criticism over the mammoth UK All Companies sector appears well founded, although coming up with a solution to the problem seems some way from being addressed. While talk in the industry is about the increased need for a more cohesive sector breakdown of UK funds due to the advent of Ucits III and the more aggressive use of derivatives, the sector is already incomprehensible from an investor point of view. In examining the sector over the past three years to 24 February, based on the fund names alone and the style of certain managers, Investment Week has split out the UK All Companies pee...
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