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A lucky year for small caps

Small-cap investors endured a strange 2012 with the FTSE Small Cap index performing creditably, but the Alternative Investment Market (Aim), dominated as it is by underperforming resources stocks, failing to make any progress. Indeed, the figures for the year to the beginning of December show the FTSE Small Cap index growing by an impressive 21 per cent but the Aim market down by 0.7 per cent. This compares with their larger cousins on the FTSE 350, up by 8 per cent and FTSE 100, up 6 per cent.

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By Graeme Davies,
21 December 2012

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