As a smaller company fund manager, the question continually being asked at this stage of the year is...
As a smaller company fund manager, the question continually being asked at this stage of the year is 'can it continue?'. We are all aware of the strong performance so far of UK smaller companies but, as is ever the case, a careful look at what has happened will give us a clearer view of the road ahead Clearly performance can be looked at in two ways, absolute and relative. Interestingly, in the year to date a significant amount of the relative outperformance is due to a reason which we have seen illustrated recently, albeit in reverse. That is, the differing exposures within the indices. S...
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