The challenges facing the UK’s small and medium-sized businesses in particular were immense in the first lockdown – at one point figures suggested up to one million of these firms were in danger of going under by the end of April 2020.
The shares of these companies and the funds investing in them were also hit hard. The average UK smaller companies fund fell almost 40% during the global sell-off in February and March, as investors were spooked by the unknown nature of the pandemic.
But, as it did a few months after the EU referendum, their resilience has shone through once again. Year-to-date, the average fund in this sector has recouped the majority of those losses.
Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.
