The 'increasingly rich' opportunities in European small caps post-MiFID II
Under-researched area
Michael Gray of Kempen Capital Management
Investors in European small-caps should be pleased. 2017 saw the asset class deliver its sixth consecutive calendar year of growth, returning just over 19% as measured by the MSCI European Small-Cap Total Return index.
Investors in the region were apparently unfazed by 2017's political commotion, with capital flowing into European equities faster than companies grew earnings. What has caused a brighter outlook for...
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