UK smaller companies funds continue to gain in October

Sterling could continue to strengthen

The Investment Association's UK Smaller Companies sector was the best-performing in October, despite the expected clarity on Brexit ultimately failing to materialise by Halloween.

The average fund in the sector was up 1.26% in the month, FE data shows. In addition, funds in the sector from Teviot Partners, Unicorn Asset Management and Tellworth Investments were some of the better performers in October, returning 4.25%, 3.82% and 3.5% respectively. Ben Yearsley, director at Fairview Investing, believes this could be a sign of what is to come, should the 12 December general election bring Brexit clarity. "A strong pound could well be a feature of the months following the election," explained Yearsley. Market Movers Blog: S&P 500 hits fresh record as Fed cuts rate...