UK Mid Caps

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.