MAM funds' Gervais Williams believes UK small caps are set to thrive in an anaemic growth environment as they focus on returning cash to shareholders.
Williams, who will head the MAM Diverse Income trust when it launches later this month, believes smaller companies’ attitudes will change in a post-credit boom environment. The former head of UK smaller companies at Gartmore also takes the view certain sectors within the small-cap space, such as manufacturing and financials, will be the best performing assets in the London market over the next five years. “For the past 25 years the climate has been unusual for small-cap stocks and we have now got to the stage where there is no expectation small-cap businesses will produce dividends...
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