Growth opportunities in undervalued small caps

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As the technology boom continues small cap stocks are benefiting, helped by their low valuations rel...

As the technology boom continues small cap stocks are benefiting, helped by their low valuations relative to large caps. Jimmy Burns, fund manager at Stewart Ivory, says 1999 was the first time in six years when smaller companies outperformed large caps. To 31 December, the HSBC James Capel Smaller European (ex UK) index was up 19.7% in sterling terms, against the FT Europe (ex UK) index which was up by 17.8% on the same currency basis. In January the FT Europe (ex UK) index contracted by 7.5% while the HSBC James Capel Small Cap index fell by just 1%. Burns is confident that the small c...

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