Small cap growth

By James Phillipps Outperformance in the small cap market is not reliant on technology with old economy sectors providing good growth opportunities, according to Harry Nimmo, of Standard Life Investments. Nimmo, fund manager of Standard Life's smaller companies Oeic, said changes in the market have facilitated the wider availability of capital for smaller companies. He said: "One of the reasons for the failure of small caps in the 1980s was the rise of tracker funds which drew money out of active funds and smaller companies. "Things have dramatically changed for the better. The sector ha...