Fund managers are still racing towards large caps, leaving small caps lying in their wake
The adage that bigger is better is often associated with America. But over the last few years, the global investment community seems to have embraced the concept when mapping out their portfolio tactics. As a consequence, commentators are voicing expectations of a redefinition of the shares of global mega caps as the qualitative differences between them and their smaller counterparts start to demand that they be treated as a separate asset class.
The big-is-beautiful trend of recent years
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