Asset AllocatorMar 28 2024

Allocators are so far not taking part in small cap rally

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Allocators are so far not taking part in small cap rally
The average premium at which UK small caps get taken over has gone up in recent years (Hollie Adams/Bloomberg)

Such has been the recent bounce in UK equities that even small caps, the most unloved of sectors, is distinctly in the green for 2024 so far.

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