Chris St John, manager of the AXA Framlington UK Mid Cap fund, walks us through the FTSE 250, providing insights into its composition, changes, and dynamics of the mid cap index. We cover the diversity within the index, sectoral makeup and international exposure and well as the potential for M&A activities in 2024. Chris explains why the FTSE 250 is more sensitive to UK economic factors like interest rates and employment levels versus the FTSE 100 and addresses the performance disparities between the two indices.

What’s covered in this episode:

• What type of companies make up the FTSE 250?
• What differences are their between FTSE 100 and FTSE 250 companies?
• Is the FTSE 250 international?
• What opportunities are currently available in the FTSE 250?
• The importance of price when investing in a company
• How companies look at a corporate level
• The ability to “run winners”
• Will UK companies continue to be targets for M&A this year?
• What sector is particularly attractive
• Is the technology sector growing in the UK?

More about the fund:

AXA Framlington UK Mid Cap fund is unashamedly growth-orientated. While it naturally focuses on medium-sized companies, its manager will be pragmatic about including select opportunities from the smaller companies space, as well as letting mid-cap holdings grow. This flexibility to invest in the FTSE 100 and small cap space lets him run winners and invest early in strong growth stories.

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.