While UK smaller companies investment trusts have had a rough time over the past year, fund managers...
While UK smaller companies investment trusts have had a rough time over the past year, fund managers investing in the sector remain positive on the outlook going forward. Over one year to 31 June 2002, £1,000 invested in the average smaller companies trust would have fallen to £727, while over five years it would have returned £1,089. However, Mark Davids, manager of Fleming Smaller Companies, believes the outlook for the sector is positive relative to large caps. He said: 'The value in the sector, combined with the high weighting in old economy stocks, leaves us confident as to the ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes