Artemis UK Special Situations manager Derek Stuart has increased the proportion of large-cap stocks ...
Artemis UK Special Situations manager Derek Stuart has increased the proportion of large-cap stocks in his portfolio following his fund's poor performance in the wake of 11 September. At present, he has 47%-50% of the portfolio invested in large caps, compared with an average of around 40% prior to the terrorist attacks, 40% in mid-caps and 20% in small-caps. Stuart said his fund had been overweight in mid and small-cap stocks on 11 September and had suffered from a subsequent lack of liquidity, although he feels the market is slowly returning to a more normal trading environment and th...
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