Miton UK MicroCap Trust plc (LON:MINI) has announced its Factsheet for the month ended 31 October 2023:
Over the year to date, in the absence of a global recession, passive strategies, where investors buy securities that mirror stock market indexes, have continued to deliver, with both US technology companies and the largest US companies typically leading the pack. In contrast, as few active managers
hold the largest companies, most have continued to underperform. The net effect is that market sentiment for companies outside of the mainstream indices (ie the medium and small sized companies)
has been progressively weaker over the year.
