Small cap Monthly archive

May 22, 2019
Differing perspectives on what Mifid II means for small caps
It is still open to debate what the impact of Mifid II will be on small caps, and recent contributions from two market players offer different perspectives. Trevor Gurwich, who manages small-cap assets at Kansas City-based American Century Investments, recently spoke at the presentation launch of his company’s small-cap fund to European investors, pointing out that small caps can benefit from opportunities created by Mifid II. He noted that 13 percent of th...
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May 14, 2019
Aim analyst coverage numbers near FTSE 250 levels
Larger Aim stocks – those with a market cap above £600 mn ($775 mn) – have reached near parity with their FTSE 250 peers when it comes to analyst numbers following a post-Mifid II boost. These larger Aim-listed companies have seen a 20 percent increase in analyst numbers, to an average of 6.1, since Mifid II came into force in January 2018, according to new res...
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May 10, 2019
Inside the changing world of Aim listings
The number of companies listed on London’s Aim market fell to 904 last month – the lowest since 2003 and well below the 1,694-high of 2007. But the market is performing well and two companies, Circassia Pharmaceuticals and 155-year old gear and chain maker Renold, have even made the move, or indicated their intention to move, to Aim from the Main Market so far this year.  Marcus Stuttard, head of Aim and UK primary markets at the London Stock Exchange Group (LS...
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May 07, 2019
Mifid II results in asset managers choosing boutique brokers
Mifid II has resulted in asset managers choosing more boutique brokers and research providers increasing their coverage of small and mid-cap firms, as well as becoming something of an unofficial global way of working, according to research from Liquidnet. The European regulation, which came into force at the beginning of last year, has resulted in 55 percent of respondents to a Liquidnet survey taking research from more than 50 brokers globally, the same as last yea...
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