The Progcast

Snippets on UK markets and investment themes hosted by our Director of Equity Advisory, Jeremy McKeown.

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January 31, 2023

The Changing Shape of the UK Stock Market

I recently spoke to Scott Evans of the London Business School to discuss The Changing Shape of the UK Smaller Companies Market.


Scott, along with Professor Paul Marsh, compiles the Numis Indices and has a unique data-driven insight into tracking the small-cap effect in the UK market. 


While the compilation of indices is a backwards-looking exercise, over time, variations in performance and relative value can offer real insights, particularly when overlaid with knowledge of macroeconomic events.


In this conversation, Scott explains the background to the indices, the importance of the Numis Smaller Companies Index, what we learnt from the performance of 2022 and how the market’s shape and value have changed as we move into 2023. 

This communication is provided for information purposes only, and is not a solicitation or inducement to buy, sell, subscribe, or underwrite securities or units. Investors should seek advice from an Independent Financial Adviser or regulated stockbroker before making any investment decisions. Progressive Equity Research Ltd (“PERL”) does not make investment recommendations.

Opinions contained in this communication represent those of PERL and/or our affiliates at the time of publication and PERL does not undertake to provide updates to any opinions or views expressed. PERL does not hold any positions in the securities mentioned in this communication, however, PERL’s directors, officers, employees, contractors and affiliates may hold a position,  and/or may perform services or solicit business from, any of the companies or related securities mentioned.

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