Downing's MacKenzie: The micro caps that have outperformed post-Brexit

Micro caps were predicted to fall

Natalie Kenway
clock • 3 min read

Downing's Judith MacKenzie has highlighted a number of micro-cap businesses that have thrived since the Brexit vote against a difficult backdrop for smaller companies, arguing many can hold their own internationally despite their size.

The manager of the £23m MI Downing UK Micro-Cap Growth fund said although many small- and mid-cap funds suffered in the aftermath of the EU referendum, with the FTSE 250 falling as much as 14% in the week after the vote, many micro caps continue to do well and benefitted from sterling falls. "People have been shouting about the negatives of Brexit but some of our niche UK companies that are exporters have been benefitting from the currency effects. "Their positive returns also reflect the fact the UK has some little engineering and manufacturing businesses that have a good standing in...

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

Join now

 

Already an Investment Week
member?

Login

More on Equities

Deep Dive: US equities may not have peaked but do require greater selectivity

Deep Dive: US equities may not have peaked but do require greater selectivity

Amid equity rebalancing

Linus Uhlig
clock 13 June 2025 • 4 min read
Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Jan de Bruijn, Director, Emerging Market Equities, Robeco
clock 06 June 2025 • 5 min read
Nedgroup Investments' Rob Burdett: It is time to move underweight equities

Nedgroup Investments' Rob Burdett: It is time to move underweight equities

Reducing exposure

Rob Burdett
clock 03 June 2025 • 2 min read
Trustpilot