Valuations of mid-cap and small cap companies are looking attractive compared to the FTSE 100. Warbu...
Valuations of mid-cap and small cap companies are looking attractive compared to the FTSE 100. Warburg Dillon Read forecasts a P/E ratio of 19.8 times for the FTSE 100, while in contrast the FTSE All Share ex 100 has a P/E of 14.7 times. The latter is the benchmark for Fleming Mercantile, managed by Martin Hudson, which has a portfolio P/E of 14.3 times. Hudson said: "While dividend growth for the FTSE 100 is predicted at 9%, for Mercantile it is 8% and for its benchmark 7%. This shows that dividends in the portfolio are growing at a similar rate to that of the benchmark but are valued ...
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