Richard Bullas, who co-manages the £193m Franklin UK Smaller Companies fund with Paul Spencer, said performance this year has been driven by companies at the bottom of the small-cap spectrum, but above the micro-cap space.
The number of multi-asset fund launches has accelerated this year, following the introduction of pension freedoms, begging the question: how many vehicles in the burgeoning sector can thrive or even survive in the longer term?
Sector expected to grow over next decade
Ousted IA chief plans investment management role
Will come into force 31 December 2016 if approved
First appointment since Godfrey's exit