Strategy

Eye of the Pfizer

Mining shares have rallied in recent months. With further potential, what impact could this have on the relative returns of active UK Small cap strategies...
Callum Stokeld
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Updated 10 Feb 2021
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This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.

Commodities and UK Small caps have rallied strongly in recent months on expectations of global economic recovery and normalisation. Rallies in the former can cause headwinds to active managers in the latter. Yet we think both offer upside potential from here.

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Miton UK MicroCap 30 December 2021 BlackRock Throgmorton Trust 08 December 2021 Aberforth Smaller Companies 17 November 2021 BlackRock Smaller Companies 29 September 2021 BlackRock World Mining 29 September 2021 Miton Global Opportunities 11 August 2021 BMO Managed Portfolio 04 March 2021 Golden Prospect Precious Metals 28 January 2021

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About the Author

Callum Stokeld
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Callum joined Kepler as an investment trust analyst in July 2019. Prior to this he worked as a senior investment analyst on a range of multi-manager, multi-asset portfolios, having previously worked at IFA firms in roles focused on oversight of fund selection and asset allocation. He graduated from the University of Glasgow with an honours degree in Law.

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