While retail investors have few choices if they want to tap pure North American small-cap funds, they ignore the sector at their peril as the US economy picks up. Paul Burgin reports.
By rights, UK investors should be falling over themselves to get a slice of North America's small-cap rebound. IMA figures show the sector was the second best performer over one year to the end of June. Delivering a hefty 30.6%, it was only narrowly eclipsed by a revitalised European Smaller Companies sector. Yet, while funds in the broader North America sector have climbed the best buy tables, the smaller companies universe has not seen a hefty sales lift from greater confidence in the US economy. Morningstar calculates the five main retail IMA North American Smaller Companies contender...
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