By Jenne Mannion The £55m Mercury UK Smaller Companies Fund is currently skewed toward consumer cycl...
By Jenne Mannion The £55m Mercury UK Smaller Companies Fund is currently skewed toward consumer cyclicals on the back of fund manager Habib Annous' positive outlook for the domestic economy. Annous expects that interest rates will peak in the next three to six months, inflation will stay under control and there will be above average economic growth over the next three years. Within the broader consumer cyclical sector, the fund is overweight in housebuilders, which Annous described as trading on highly attractive valuations. He said: "Many of these housebuilders are trading on the P/E ...
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