Derek Mitchell, manager of the Royal London UK Mid-Cap Growth fund, tells Cherry Reynard why he is confident on the UK consumer sector.
Mid-caps have unquestionably been the sector of choice for UK equity investors over the past five years, benefiting from some of the defensive characteristics of large-caps, as well as the growth characteristics of small-caps. Within the mid-cap fund space, however, there has been significant variance in returns. Derek Mitchell, manager of the Royal London UK Mid-Cap Growth fund has, arguably, been the most successful at negotiating the universe. Mitchell is unusual in placing significant importance on ‘top down' macro analysis. His starting point is to assess the economic environm...
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