Investing in smaller companies is unlikely to provide good returns becuase most of the companies are...
Investing in smaller companies is unlikely to provide good returns becuase most of the companies are small for a reason - they are "bad" companies, says Nick Train, fund manager for Finsbury Growth Trust investment trust. Train told a roundtable panel, organised by the Association of Investment Trust Companies, that not all smaller companies are poor investments. However, as an asset class, he says that he does not believe they can "cut it". Train says people buying shares in smaller companies were seen as making a great investment in the 1980s, when small-caps outperf...
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