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...
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