With the big picture so uncertain, is it time to focus on smaller companies?

For most of the past decade, markets have operated in the shadow of geopolitical and macroeconomic storm clouds, writes Ken Wotton, manager of the Wood Street Microcap Investment fund.

Uncertainties around Deutsche Bank, Brexit, and the US presidential election are just the latest in a series of aftershocks stemming from the global financial crisis. Increasing populism and the turning tide against globalisation could fundamentally change the business and investment landscape. We can no longer rely on economic tailwinds to help investment returns. In the UK, low or no growth feels like the most prudent assumption for the foreseeable future due to the material and protracted uncertainties surrounding the process of exiting the EU. Livingbridge's Wotton: AIM IPO mar...