Paul Spencer, manager of the Franklin UK Mid Cap fund, talks to Maria Merricks about his past and present portfolio positioning.
The fund is the best performing over ten years in the UK All Companies sector. What is the secret to your success? It has obviously been very helpful to overall performance that the fund's benchmark index, the FTSE 250, has substantially outperformed the FTSE 100 over the last decade. This means mid-cap funds generally have been among the best performers in the UK All Companies sector. With regard to the fund's outperformance, the application of a consistent long-term investment strategy has been an integral part of the success. We run a high conviction portfolio and currently there ar...
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