There can be no doubt the protracted Brexit debacle in the UK is casting a long shadow over its investment markets.
NAVs slumped throughout Q4 2018
Investors believe quality of research has also declined
Fund lost 10.57% last year
Increases revenue return per share by 20.2%
Mixed fortunes for UK Smaller Companies and UK All Companies
Access to lending market for smaller businesses
Allianz Global Investors's Simon Gergel
Deputy manager on the UK Mid Cap fund
Joins Andrew Neville
OCF of 0.14%
Buying back into housebuilders
FTSE 250 suffered since referendum
Increased focus on small and mid caps
Will review underweight UK position accordingly
Higher domestic exposure than FTSE 100
Restructure by new managers
Small and mid-cap companies looking attractive
Dividend strategies should continue to deliver
UK indices have been caught in the eye of the storm and are down more than 8% since the start of the year at the time of writing.
Cash levels increased
Franklin Templeton UK Mid Cap fund manager Paul Spencer has sold some of the portfolio's longest-held positions after taking advantage of the post-election UK equity rally.