Forced selling creating 'incredible' prospects - Close

The firm’s smaller companies head, Deryck Noble-Nesbitt, says fund managers are being compelled to sell their holdings as investors force them to cover their losses. He says savvy investors and advisers will spot market prospects, declaring “everyone is a seller now so it is better to be a buyer”. “Many fund managers are being forced to sell their investments,” he says. “Equities go down, people get worried and managers have to start selling their holdings to fund the investors. “The smaller the company managers are having to sell, the more it affects its share price on the downside. ...