View the article online at http://citywire.co.uk/wealth-manager/article/a760007
F&C’s Stanley: UK small caps are in middle of perfect storm
by Eleanor Lawrie on Jul 09, 2014 at 11:17
While Stanley has taken profits from some of the housebuilders, she has stuck with firms such as eighth biggest holding Galliford Try, which she said is committed to returning cash to shareholders rather than trying to grow into a major player in the sector.
She also thinks outsourcing companies could be negatively affected by next year’s general election, which typically means the government does not embark on any big projects as the parties are busy campaigning.
Over the three years to the end of May, the £121.9 million F&C UK Smaller Companies fund has returned 58.4%, compared with an average of 48.7% for its Citywire UK Equities peer group. Over five years, the fund has risen by 175.7% compared with 156.6% for the peer group.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.