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Market Comment - July '23

July 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

We all know that, in the long run, smaller companies tend to outperform larger companies. This tendency to outperform is shared with other investment approaches, or factors as they are now called - momentum, high yield, and value. But not all of these factors outperform all of the time, and everywhere. On the other hand, it is a decent assumption that each of these approaches is always working somewhere. So today we explore what is happening with smaller companies in other parts of the world. Index levels are highlighted, so that you can monitor these between publication dates. The UK is the most interesting right now. To a large extent the domestically focused FTSE-250 and FTSE-SmallCap indices have moved in tandem from the Sept ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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