Q&A: Small and mid cap stocks

Dan Nickols, manager of the Old Mutual UK Select Small Companies fund has concentrated his portfolio on stocks with global exposure or which are in secular growth trends and is selectively buying into businesses with a higher weighting to the UK consumer and government spending. He explains his reasoning behind this strategy and why he sees UK mid and small caps as reasonably valued. Q. The UK market has been pretty range bound this year. What is likely to change that? A. It has been a frustrating year. We saw optimism in the early parts of the year leading to markets reaching a pea...