Exeter finds value in small, mid caps

Exeter Fund Manager's first all-equity Oeic sub-fund, the Exeter Hidden Value Portfolio, has outperformed its peers by more than 10% since its launch last October. The fund, managed by Geoff Miller and Andrew Hobson, has beaten the UK All Companies sector by 10.6%, from launch to 28 February 2002, according to statistics from Lipper. It has returned 11.8% since 31 October 2001 to 28 February 2002, compared with the UK All Companies sector, which has returned on average -1.2%. Over three months, on a bid-to-bid basis, it has returned 2.4% compared with the sector average -1.4%. The ...