A little went a long way: Why 2020 was the year of the small cap

Slight glimmer of hope on an ultimately dark year

Investment Week editor Lauren Mason

Investment Week editor Lauren Mason

2020 will hardly be the year the UK stockmarket covered itself in glory. According to data from FE fundinfo, the FTSE 100 index finished the year down 11.6%, compared to the MSCI World's gain of 12.3% – making it the worst-performing major regional stockmarket over the period.

Reasons for this are varied and subjective, but an index full of value-orientated and oil-focused stocks, an arguably erratic handling of the Covid-19 pandemic and prolonged Brexit uncertainty will have all played their parts. And yet, some UK equity funds have more than weathered the storm, with Gervais Williams and Martin Turner's Premier Miton UK Smaller Companies fund making it onto the list of top ten best performers in 2020 with a whopping 77.3% total return. Emerging markets, Covid-19 and the small-cap opportunity In fact, the UK equity funds that fared best in 2020 -  with ...

To continue reading this article...

Join Investment Week

  • 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


More on Funds

William Morris of Weatherbys Private Bank

Past recessions are not a guide to the future

US unemployment still low

William Morris
clock 17 August 2022 • 4 min read
“Cannot shake that silly pre-Enron, pre-9/11, pre-WorldCom feeling,” he wrote in one tweet.

'Big Short' Burry sells all but a single stock on dead cat bounce fears

$3.3m position in private prison group

James Baxter-Derrington
clock 16 August 2022 • 1 min read
Market Blog: UK real wages fall to lowest point in two decades

Market Movers Blog: UK real pay falls at fastest rate in two decades

Latest news and analysis

Investment Week
clock 15 August 2022 • 1 min read