This fund has been managed by Nigel Thomas since 2002, and he has always been seen as one of the original star managers. He started by explaining that 2016 was his worst year for managing money. Certainly, the underperformance in 2016 has hit the 3 and 5 year figures, but since his tenure of the fund from 2002, it has outperformed the All Share Index.
He explained that although he holds some large cap stocks the fund has a bias to mid-cap and rarely holds banks. 2017 was hard for managers to outperform the index, and this was compounded by a style bias to value….read more