Premier Miton's Ford: Inflationary fears hit high growth US small caps

The sudden spike in the valuation of 10-year US Treasuries has led to a pullback in prices of high growth US small caps – and therefore the performance of the Premier Miton US Smaller Companies fund, according to co-manager Nick Ford, who said inflationary fears are likely to put a dampener on returns from further down the market-cap spectrum.

That said, Ford - who manages the portfolio alongside Hugh Grieves - said the fall in valuations has left him feeling like "a kid in a candy store", with many recent IPOs seeing share price pullbacks of...