Chelverton's Robertson: MiFID II has created market of 'rich pickings' for small caps

Co-manager of the £43m fund Dale Robertson said the reduced research conducted into companies at the smaller end of the market cap spectrum has created a world of "rich pickings" for investors willing to investigate. Injecting hope into UK equities: Short-term volatility worth the pain to reap long-term rewards "The amount of research which was being done at the very small end of the market cap universe got stopped [post-MiFID II] because it was not commercial for the banks to produce research on these companies," he explained. "When there is less research being done on companies i...