Prospects continuing to brighten up for mid caps

UK fund managers are neutral to bullish on the prospects for mid cap stocks relative to the FTSE 100...

UK fund managers are neutral to bullish on the prospects for mid cap stocks relative to the FTSE 100, despite a narrowing of the valuation gap. Over the 12 months since 17 February 2003, the FTSE 250 has delivered total returns of 57.95%, compared to the FTSE 100, which has returned 24.47%. Trevor Green, manager of the Allianz Dresdner UK Growth and UK Mid Cap funds and Ashton Bradbury, manager of the Old Mutual UK Select Mid Cap fund, believe mid caps can continue to outperform. Joe O'Donnell, private client manager at BWD Rensburg, is more cautious, taking a more neutral stance. Al...