Robin Geffen, founder of Neptune Investment Management and manager of the group's £200m Income fund, has said the "free lunch" from UK small- and mid-cap stocks is over for the income sector, as he called upon asset allocators to reassess their exposure in this area.
The manager has said he has witnessed a turning point in markets that has led to just 10% of the IA UK Equity Income sector outperforming the FTSE All Share index year-to-date, as fund managers have been...
0.25% charge on £100,000 investment
Sector launched in April this year
Targeting €1trn AUM by end of 2020
Groups firming up plans
Managed by Jeff Kernagis