Global exposure of UK companies
Volatility, brought about by economic newsflow is to be expected when investing in equities. While an awareness of the macro environment is important, the bottom-up fundamentals remain the key driver to corporate performance. One important factor to note is that UK mid-caps are more internationally diversified than many expect; circa 50% of all earnings within the FTSE 250 comes from economies other than the UK. Chris St John, Fund Manager of the AXA Framlington UK Mid Cap Fund explains here.
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