How F&C's Ulrich weathered the mid-cap storm

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.

Despite the early year sell-off, the fund has returned 8.5% since November 2013 against a UK All Companies sector average of 2.9%. Following his presentation at Investment Week’s Funds to Watch event, manager Michael Ulrich (pictured) explains how he has been able to weather the mid-cap storm, and what the future could hold for investors in the sector. How have you mitigated against a challenging year for mid caps? One of the key features of our fund is that we frequently recycle profits from our best performing stocks into those that have lagged the market. This helped us ear...