Small and mid cap stocks have had a reversal of fortune this year following their underperformance i...
Small and mid cap stocks have had a reversal of fortune this year following their underperformance in 1997 and 1998. Roddy Davidson asks if the FTSE SmallCap market can maintain its high returns The opening months of 1999 have seen a striking reversal in the relative performance of the FTSE 100, the FTSE 250 and the FTSE SmallCap indices when compared with the experience of the past two years. During both 1997 and 1998, the handsome returns generated by the UK equity market were heavily skewed towards a relatively small number of sectors such as banks, pharmaceuticals, telecoms and uti...
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