Like parliamentary majorities and Christmas Toblerones, the stock market is slowly shrinking.
As has been widely commented on, de-equitisation – the substitution of equity for debt – has been accelerating in recent years, largely through the growth in share buybacks. However, the shrinkage of the stock market seems to… Read the article
Featured Post
by Matt Cable
What a difference a year makes! UK smallcap 2017 review
When I sat down to write my review of 2016 I had to admit that it had been a tough year for smaller company fund managers as the sector’s median fund had underperformed the Numis Smaller Companies Index (NSCI) by 2.7%.
With a month to go in 2017, the median… Read the article