Allianz

Fund managers are turning away from the IPO hype which has seen many companies list this year, to concentrate instead on ‘overshadowed' mid-cap stocks.

Allianz Global Investors' European equities team has been buying up former ‘safe haven' stocks which look cheap relative to lower quality peers.

Part II: Is peripheral Europe overvalued?

Investors have "never lost money" by choosing smaller companies over larger ones, according to Allianz Global Investors' Andrew Neville.

THE BIG QUESTION

UK EQUITIES

UK EQUITIES

Allianz Global Investors is planning to launch a US small-cap fund for UK investors in June.

Investors will find little value in Lloyds Banking Group shares due to "limited" growth prospects, a UK equities manager has said.

Andrew Neville, manager of the Allianz Global Small Cap Equity fund, has said the best value stocks across global markets can now be found in Southern Europe, following rallies across most of the globe.