"Of course there is a clearing price for everything and at some point there will likely be attractive entry points – I’m not sure we’re quite there yet, but as always broad sell-offs can create specific opportunities for discerning investors.”
McDermott says one advantage of investing in UK mid or small-cap funds is that they generally tend to outperform relative to the index, “meaning an investor can find genuine alpha in the sector”.
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David Thorpe is special projects editor of FTAdviser
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