Big relief: People sit at an outside restaurant area, as the Covid-19 restrictions ease, at Covent Garden in London. — Reuters
LONDON: As London’s shops and pub gardens reopen for the first weekend in three months, funds targeting smaller UK companies are among the best performers in Europe thanks to a rally in domestic stocks that benefit from Britain’s vaccine rollout success.
Among Western European stock funds with US$200mil (RM820mil) or more in assets, the majority of the 10 best performers this year are focused on UK small caps, according to data compiled by Bloomberg. The FTSE Small Cap Index has gained 14% in 2021 versus a rise of 11% for a benchmark tracking small stocks on euro-area exchanges.
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