Have UK small caps had their day?

The UK smaller companies environment has performed very well over the past year. The improving global economic conditions have made investors more willing to take on risk and put more money into the sector, although as interest rates tighten, lower consumer spending could particularly impact this sector. Gervais Williams, head of UK small caps at Gartmore, says: "UK small caps have done very well in the last 12 months and have outperformed the markets by about 57%." He warns as a result of this increase in performance a lot of investors feel small caps have little further upside, bu...