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Revival for mid-caps predicted

Perpetual foresees an end to polarisation in the UK stockmarket as mid-cap shares return to favour.

The fund firm has been one of the leading proponents of large caps, urging investors to avoid smaller companies.

But UK fund managers Stephen Whittaker and Neil Woodford see an end to the two-tier UK market which has lasted 18 months. They point to startling growth in the mid-cap market in recent weeks, with the FTSE 250 outperforming the FTSE 100.

They say the rally is sustainable due to low interest rates and the weaker pound. It will also be driven by mergers and acquisitions activity while fears of a recession are easing.


Hewitt warns mutuals that rules will not change

Economic Secretary to the Treasury Patricia Hewitt has warned mutuals that the Government is unlikely to change building society rules.Speaking at The New Statesman&#39s mutuality conference in London, Hewitt said that mutuals cannot rely upon the Government to protect them from their members.She said that current building society rules provide adequate protection from carpetbaggers because […]

Barclays launches 4 euro denominated investment funds

Barclays is launching four euro-denominated investment funds for individual investors.The Euro Blue Chip Fund has an annual management fee of 2 per cent and will be benchmarked against the Dow Jones Euro Stoxx 50 Index and the Euro Vale Opportunity Fund will be benchmarked against the DJ Euro Stoxx 326 Index with a 1.5 per […]


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