Following Deutsche Bank’s recent acquisition of UK stockbroker and corporate advisor Numis, Deutsche's Jim Reid takes a deep dive into Numis' treasure trove of granular UK market data, including the compilation of a long-standing thorough annual review of UK equity market returns in a domestic and international context.
These indices uniquely represent the entire fully listed UK Equity market giving a fascinating insight into the performance of large, mid and small cap companies.
As Reid highlights in his Chart of The Day, over the long run small caps have tended to outperform larger caps, the opposite trend to recent years, especially in countries like the US where the mega caps have dramatically outperformed small caps, and particularly over the last 3 to 4 years.
