UK small caps are standing at a 20%-25% discount to the large cap area of the market, according to K...
UK small caps are standing at a 20%-25% discount to the large cap area of the market, according to Kenny Watson, UK smaller companies manager at Britannic Asset management. The asset class has had a reasonable start to 2001 despite the continued negativity on the technology sector, which has a high weighting in the small cap sector. The Britannic Smaller Companies fund has maintained a balance exposure in the portfolio amid the volatility, underweighting technology and overweighting cyclicals like construction stocks. Watson said the group has taken some profits from the construction...
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