because this fund is heavily weighted towards the FTSE250/350 companies which mostly derive profits in the UK and are hence considered most affected by Brexit ( unlike many FTSE100 companies which have a higher percentage of profits deriving from other currencies such as $/Euro)
top 10 holdings for Mercantile are nearly all FTSE250 :-
Rank Change Name % Weighting
1 BELLWAY PLC 2.20%
2 GALIFORM ORD GBP0.10 2.20%
3 DOMINO`S PIZZA GROUP PLC 2.10%
4 SMITH(DS) ORD GBP0.10 2.00%
5 AUTO TRADER GROUP PLC 1.90%
6 MICRO FOCUS INTERNATIONAL 1.80%
7 Greencore Group Ord IEP0.50-London List 1.70%
8 INCHCAPE PLC 1.70%
9 SEGRO PLC 1.70%
10 B & M EUROPEAN VALUE RETAIL SA 1.60%
I have always liked this fund , but am currently out and lookign for entry
I agree with you entirely. We have held MRC over many years and it has performed very steadily (+120% over 8-10 years) - as have Murray Intl and British Empire - our other main ITs. From our point of view, they are an excellent way of buying investment management.
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