Tiny-Stock Funds Trounce U.K. Rivals With Gains as High as 77%
- Premier Miton smaller companies fund was 2020’s best performer
- Domestic-focused firms remain vulnerable to economic downturn
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For investors in U.K. stock funds last year, the biggest returns came from thinking small.
The best-performing U.K.-focused funds made their money by snapping up smaller companies, led by a Premier Miton Group Plc fund that soared 77%, according to Morningstar Inc. data. The average gain across such investments was 6.8%, while rivals that bet on mid-sized and large companies mostly lost money as the pandemic battered the economy.