Bill Brown, head of pan-European small cap equities at ISIS Asset Management, is predicting another good year for smaller companies and the Alternative Investment Market.
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%...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
