Fund manager's comment/Giles Worthington
Small and medium-sized companies are one of the cornerstones of corporate Europe. They are major generators of growth and employment and include some of the Continent's most dynamic and exciting enterprises. But, thanks to their low profile, this contribution is all too often understated. They are typically outside the major equity indices that define the mainstream for investors in Europe. The quoted universe of more than 5,000 companies is very large and varied. The value of the largest of these stocks extends up to $3bn, creating a market that rivals its US equivalent in size. Add ...
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