Around the world in smaller companies

After several challenging years for investors in developed markets, 2013 provided some evidence the world’s major economies have finally shaken off the malaise of the global financial crisis. At the macro level, the UK, US, Europe and Japan had all struggled with large deficits, high levels of unemployment and stagnant or shrinking economies. However, after half a decade of harsh medicine, the signs are that economic growth is beginning to re-emerge. In such situations, the engines of growth are often smaller companies. The question for investors, however, is whether they should sta...