Investec's Hutchins adds first small-cap stock post Brexit

Also added overseas exposure

Blake Hutchins has introduced his first small-cap stock to the Investec UK Equity Income fund, after taking advantage of market falls further down the market-cap scale in the aftermath of the EU referendum.

The manager (pictured) also added to existing mid-cap stocks held in the portfolio during the sell-off, as he admitted finding companies with growing dividends at the top level is becoming "more challenging". "Clearly, we did not expect the UK to leave the EU, but we run a portfolio with very low turnover and it is not geared towards UK domestic companies. We hold more global, quality companies like heathcare and staples. New Capital's Carretero: 'Oversold' UK mid caps could correct following post-Brexit hit "In that context, we added to some cyclical names in the mid-cap space and...