Fund Manager View: OMAM's Daniel Nickols

Over the past 12 months, UK smaller companies, as measured by the Hoare Govett Smaller Companies (ex Investment Companies) Index (HGSCI) has rallied by around 70%, experiencing a dramatic rerating as fears over the onset of a depression have given way to renewed optimism that the global economy has passed through a period of stabilisation and is now set for renewed growth. Given the magnitude of this rally, it is tempting to conclude prospects for further upside for smaller companies indices are limited. Notwithstanding various structural impediments to the re-establishment of the sort o...