Smaller companies and recovery stocks were highly featured in wealth managers' best performing funds of the year, much to the chagrin of those continuing to back defensive names.
A mid-cap fund, a small-cap fund and two special situations mandates were chosen by wealth managers as their best performers, at a time when investors have been cautious about moving down the cap scale...
Falling shares around the world
Small caps seem to be an immediate turn off to a lot of investors, with fixations on aggregate valuations and volatility meaning the better risk-adjusted returns that can be made within this asset class are often overlooked.
Data from TrackInsight
Reduced equity exposure to lowest since crisis
All European markets down