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The narrative has changed for smallcaps, from being one of the gold mines to the minefield of grenades in a short span of time. How should investors deal with this change in the narrative?
From hidden gems to hidden worms, smallcap investing has come a full circle now. In 2017, if you were not investing in smallcaps, you were missing out.
Now, if you are in smallcaps, you stand scrutinised and slammed. With tide changing from recklessness to risk-averse, it is quite astonishing how smallcaps have slipped from sacred to untouchables in a span of just six months.
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