Poor performance in UK All Cos

The performance of funds in the UK All Companies sector has been hit hard over the past three years. Negative returns have also been produced across the board in the 12 months to the end of May, with Unicorn Free Spirit the only portfolio in positive territory. The fund, which has a small-cap bias and is managed by Peter Webb, achieved a return of 0.33% over the 12 months to the end of May, compared to the sector average of -17.03%, bid to bid. On average, the sector is in negative territory over all three discrete year periods to the end of May 2003, with returns of -1.58% for the ye...