Beyond Bulls & Bears

Do Look Now: Finding Under-Appreciated Opportunities in UK Small Caps
Equity

Do Look Now: Finding Under-Appreciated Opportunities in UK Small Caps

Our Richard Bullas thinks the UK small-cap market is one of the most sophisticated, diverse and dynamic investing environments in the world.

Why It’s Time to Get Back to Basics
Equity

Why It’s Time to Get Back to Basics

“We think the good earnings growth so far this year provides a reasonably positive corporate earnings backdrop for the rest of the year. The earnings backdrop should play an important role in [UK] small-cap performance going forward, especially compared against the top end of the market, where the tailwind of sterling depreciation has now virtually faded.” – Richard Bullas, Franklin UK Equity team, August 15, 2017.

How the Brexit Vote Turned the Spotlight on Small-Cap Value
Equity

How the Brexit Vote Turned the Spotlight on Small-Cap Value

While we remain wary of complacency, the resilience shown by much of the small-cap universe in July and August has been impressive.

Kissing a Lot of Frogs: The Work of a Small-Cap Manager

Kissing a Lot of Frogs: The Work of a Small-Cap Manager

Given the (UK) domestic bias to the earnings of smaller caps compared with larger caps, small caps seem to us to be more attractive as the global growth outlook faces numerous headwinds

UK Recovery Confronts Market Headwinds

UK Recovery Confronts Market Headwinds

It’s important to the United Kingdom that Europe, one of the United Kingdom’s major trading partners, stays on track so the UK economy can continue to achieve a more balanced, sustainable recovery.

Redefining the Large- Vs Small-Cap Debate

Redefining the Large- Vs Small-Cap Debate

A lot of investors looking for equity values want to try to split the market into large-, mid- and small-cap. I think what's been going on recently is a little bit more complicated than that.