Where are the best opportunities in UK large-caps?

Chris Mayo, investment director, Wellian Investment Solutions During the past five years, small- and mid-cap stocks have been a one-way bet for investors against the performance of larger companies, significantly outperforming them by 63% and 45% respectively to 31 March. Investors were prepared to buy and hold these smaller companies at any price and any valuation knowing they were going to be rewarded for doing so, readily acknowledging that larger companies were modestly valued and offered safe and growing yields. The complaint was always that they lacked any obvious catalyst for re...