Hi-techs are beating old small caps

Small cap fund managers are increasingly looking to invest in hi-tech growth companies at the expen...

Small cap fund managers are increasingly looking to invest in hi-tech growth companies at the expense of traditional smaller companies, a new survey by accounting firm KPMG has revealed. The study of more than 90 managers of small investment funds, conducted last October, found there was 17% more to invest in small cap stocks among small company fund managers, but this was heavily weighted toward the technology sector. Small cap fund managers were willing to invest, on average, £3.25m in the small cap sector, but looked to make larger investments in a smaller number of stocks. About 65...