EU SCs needs careful picking

The Smaller Company Universe in Europe is a spread of very diverse companies offering exposure to a variety of interesting niches. Outside of the Eurotop 300 there are over 6,000 quoted companies across the European region. These provide fertile ground for stock picking fund managers and help to ensure there is sufficient choice within the Smaller Company arena to adjust a portfolio to changing circumstances. The Smaller Company Universe has performed very strongly over the past year with the HSBC Pan European Smaller Companies index climbing 60% in euro terms. This performance has been...