The growing influx of overseas investors into the London stockmarket is providing opportunities for UK multi-cap managers to find overlooked 'valuation anomalies' further down the market-cap spectrum.
Old Mutual Global Investors (OMGI) is to alter the investment objective of Richard Watts' UK Mid Cap fund to allow the manager to hold more in mid-cap stocks sitting outside the FTSE 250.
Miners and financial are dragging down the FTSE 100 index this morning, with HSBC among the biggest fallers following the news of further cost-cutting at the bank.
Despite the recent underperfomance of the small-cap sector, Gervais Williams, managing director of the Miton group and manager of the recently launched Miton UK MicroCap trust, argues in a world where growth has stalled, it can be a big advantage to be...
Domestically-oriented stocks have helped power significant gains for UK markets this morning, as investors responded positively to news of a Conservative election win.
Fund performance skewed by benchmarks
Nigel Beidas, co-manager of the Marlborough Extra Income fund, takes a closer look at headwinds and tailwinds for UK companies.
It has been a volatile year for mid caps, with the FTSE 250 falling 6% between March and April. But F&C's £20m UK Mid-Cap fund has considerably outperformed over the past year, maintaining the return profile it has enjoyed over three and five years.
Markets may have been volatile as autumn approached, but the Smith & Williamson Enterprise fund has returned more than 3% over the three months to 3 November 2014, and beaten peers in the Targeted Absolute Return sector.
Lazard Asset Management's Stephen Russell has pointed to off-benchmark positions as a driver of returns for his EM Core Equity fund as a growing number of global stocks turn to the developing world for revenue growth.