Smaller Cos report negative gains

By Robert Stock Only two of the 77 funds in the UK Smaller Companies sector returned positive growth in the three months prior to 24 May, according to Standard & Poor's. These dramatic reversals, and the spectacular gains that came before them, have brought about unprecedented levels of volat-ility in the sector, beaten only by the Far East, emerging markets and commodity and energy sectors. While in February only one UK Smaller Companies fund had negative three-month performance but not all of the gains achieved have been given back. The average return on a bid to bid basis for a fund ...