AIM market, small-caps to continue good run says ISIS' Brown

Along with Robert Mitchell, ISISdirector small cap funds, Brown believes the interest rate environment coupled with improvements in balance sheets last year have set the scene for another positive year for smaller companies. The gains will come despite expected interest rate increases, Brown says. Interest rate rises are traditionally seen as bad for smaller companies, but even with the forecast base rate increases through the rest of 2004, rates will still be at historically low levels. ISIS forecasts an end-of-year base rate of about 4.75%. Share price gains of between 50% to 70%...