mid-cap

Fund buyers seeking to move up the market-cap spectrum after a difficult year for smaller stocks say they are struggling to find funds that are overweight UK large caps.

Mid Caps

Fund buyers have had a tough time choosing funds this year, as some of the best known portfolios in the UK have gone through manager changes.

When a sector slumps in the stock market, investors look to analysts and forecasters for clarity. But the real insiders are the company management teams. Eugene O'Neill explains what mid-cap leaders have been telling the market.

UK EQUITIES

The 'considerable reversal' in the fortunes of mid- and small-cap stocks seen since the start of March is likely to continue as large caps come back into favour, according to Jupiter's John Chatfeild-Roberts.

UK mid-cap companies have been the sweet spot of the domestic investment universe of late, returning around double the amount achieved by the largest UK companies, but where are the best opportunities now?

Sebastian Lyon, manager of the Troy Trojan fund, has warned shares in mid- and small-cap stocks are currently ‘priced for perfection', after valuations shot up substantially over the past decade.

Alexander Friedman, global CIO at UBS Wealth Management, sees Japan as ‘more of a risk' to investors than China in the coming year.

David Coombs, head of multi-asset investments at Rathbone Unit Trust Management, has bought a number of new funds in the last few months as he rejigs his portfolios to focus on global growth.