Tech fallout affecting small-cap funds

The fallout from the internet bubble is still affecting European smaller companies, with the Threadneedle European Smaller Companies portfolio the only fund to generate a positive return over one year to 4 November. The fund was one of only two in the 14-strong sector that produced positive growth over three years, the other being Aegon European Smaller Companies, which, as revealed in Investment Week last week, is soon to close. European smaller companies funds on average posted a loss of 16.72% over one year and of 21.3% over three, a far cry from the period October 1999 to Septembe...