Axa Framlington UK Select Opportunities - Downgrade
By MARCEL PORCHERON 11/10/2007
Nigel Thomas has traditionally produced excess returns for his investors through good stock selection skills. In the past these have been effective across the market cap range and positions in small and mid sized companies have added considerable value. However, with assets in excess of £1.7bn we now feel that Thomas has some reduced flexibility in portfolio construction. His current level of assets could make it harder for him to outperform his peer group in future and less likely that he will outperform the market by the same magnitude as in the past. We are reducing our rating to 4 stars to reflect this.
Market latest
|
Index
|
Points
|
+/-
|
| FTSE 100 |
5338.38 |
1.24%
|
| FTSE 250 |
10593.00 |
0.77%
|
| FTSE All Share |
2776.65 |
1.17%
|
| FTSE Euro 100 |
2025.68 |
1.17%
|
| S&P 500 |
1314.49 |
0.78%
|
| Nasdaq |
2841.98 |
1.12%
|
| Hang Seng |
19200.93 |
0.31%
|
| Nikkei 225 |
8876.59 |
0.86%
|
Values delayed by at least 15 minutes.
Source: Financial Express