In a climate of fear, when the markets are predicting economic doom and the bears are collecting the...
In a climate of fear, when the markets are predicting economic doom and the bears are collecting their coats from the cloakroom, it is usually small-cap stocks that get trampled in the ensuing stampede. But when the bears head out of the woods, it is usually the small-cap sector that leads the way back. Small-cap shares almost always outperform their larger brethren in the first year after a downturn. It is only once the market has gained momentum that the large-caps come back into favour. But, as we sit here, a quarter of the way through 2005, the small-cap story - especially in Europe -...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes