as a result of the bursting of the technology bubble focus of the us smaller companies market has switched firmly onto defensive stocks
The offshore US small-cap sector has experienced turbulence since the late 1990s with the tech bubble leading to a boom for growth-orientated investment and then bursting to open the way for value-orientated funds. The Merrill Lynch US Small Cap Value Fund has outperformed others in the asset class over the last three years while maintaining relatively low volatility. This is due to its relative value approach to investing, according to Scott Becker, product specialist with Merrill Lynch Investment Management. The fund looks for opportunities in stocks trading cheaply in comparison to ...
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