The FTSE 250 index has outperformed both the FTSE 100 and small cap indices, year to date, posting r...
The FTSE 250 index has outperformed both the FTSE 100 and small cap indices, year to date, posting returns of 11.83% to 28 August. Simon Atherton, fund manager at Aberdeen Asset Management, says mid and small cap stocks have performed well since autumn 1998. Following fears of a worldwide recession during the peak of the Asian and Russian crisis and the collapse of hedge fund LTCM, there was a 'flight to safety' during which time high quality bonds and blue chip equities were supported, he says. Global crisis was averted due to the Fed's quick reaction in lowering interest rates, which...
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