Oman's Nickols thanks support services for recent performance

Old Mutual's small-cap manager Dan Nickols thanks his positions in the support services sector for d...

Old Mutual's small-cap manager Dan Nickols thanks his positions in the support services sector for driving performance against a slowing economic background. As reported in Investment Week last month, the group's mid- and small-cap team is currently at its most bearish ever and has moved the portfolios into defensive positions. Nickols, who runs the £425m UK Select Smaller Companies fund, highlighted support services as a long-term defensive overweight in his portfolio. "It is a diverse sector where it is possible to find a range of companies that benefit from secular growth dynamics,...