Cyclical exposure key for small-cap funds

By Clemmie Jackson-Stops Lack of exposure to deep cyclicals such as commodities, resource stocks and engineering has damaged performance on many smaller companies funds in recent years

Click here to download pdf Funds from Schroders stand out as top performers in the IMA's European and North American Smaller Companies sectors over three years, with both its institutional and retail funds leading the peer groups. Click here to download raw data JPMorgan has also found success in Europe using a barbell investment approach, although its US portfolio has seen less promising returns. Click here to download raw data Despite a good run in Europe, the strong small-cap market has not benefited all those in the sector and funds such as Insight European Small Cap have suffered ...