F&C positive on small caps in all markets

Sandy Fleming, fund manager of the F&C Smaller Companies Investment Trust, is continuing to favour the UK and is optimistic about the future of smaller companies in all international markets. Fleming has 49% of the trust in the UK, with the general view of cautious optimism for the sector and the belief that smaller companies are the beneficiaries of lower interest rates, of which there may be more cuts to come. Fleming said: 'Going forward, after the excesses of the technology, media and telecom boom were corrected, it will gradually become more obvious which TMT companies will be the ...