AXA Fram's Thomas tackles 2008 slowdown with 'value' approach

The UK Select Opportunities fund manager says he will continue constructing a portfolio of a variety of companies in various sizes for the medium to long term. As investors look to large caps during times of market volatility, Thomas says his fund faces a “relative head wind”. Just under half of the fund is invested in the FTSE 100; well below the benchmark All-Share Index which is 82% weighted to FTSE 100 stocks. “We hope to produce satisfactory returns over the medium to long term,” he says. “We take comfort in the stockmarket adage that in the short term the stockmarket is a voting...