US small caps flak untimely

Siddles, who heads up the firm’s £46.67m US Smaller Companies fund, said with the dollar recovering some of its lost ground and falling energy prices taking the pressure off inflation there was a more positive outlook. In addition, he said, small caps had once again begun to outperform and he has spotted some good opportunities in the consumer and materials sectors. Siddles said over the past six to seven years US smaller companies had been storming ahead of large caps in the performance stakes. The pattern reversed in April, prompting some investors to predict the large caps were coming...