Small and mid cap companies continue to look attractive, following a year of outperformance, and wit...
Small and mid cap companies continue to look attractive, following a year of outperformance, and with liquidity easing, the FTSE could be left lagging behind again, according to Chris Baird, UK smaller companies fund manager, at Cazenove. He said: "Going back 20 years, the Hoare Govett smaller companies index has outperformed 12 times against eight and well over half of the smaller companies funds outperformed their benchmark." Baird is bullish about small caps' higher exposure to the domestic consumer economy and greater number of cyclicals, in a period of lowering interest rates and a w...
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