Hargreaves Lansdown hails 'year of the small caps'

The high-flying performance of smaller companies funds has prompted investment manager Hargreaves Lansdown to hail the 2010/11 tax period as the "year of the small caps". According to the latest Lipper ratings, UK Smaller Companies leads the top-ten IMA sector chart with growth of 28% during the year in a sign small firms are poised to spearhead the country's private sector recovery. "The success of UK smaller companies funds demonstrates stock markets and the economy are not the same thing," says Hargreaves Lansdown head of advice Danny Cox (pictured). "Despite the public sector c...