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Austria's Small Caps with Above Average Performance

Published: April 14, 2011; 00:00 · (Vindobona)

In the EU comparison, as well as to Large Caps, Austria’s Small Caps record large gains.

Austria's Small Caps with Above Average Performance / Picture: © Flickr

While global shares grew between January 2001 and March 2011 by about 40%, Small Caps and Mid Caps have more than doubled in the same period. In Austria, they grew by as much as 147.1% in the last seven years. The German Allianz-Versicherung expects a continuation of this trend in the coming years.

Spanish Small Caps recorded with 171.8%, the strongest performance in Europe, while Spanish Blue Chips had a performance of 51.9%. At some distance follow the UK (121.9/32.8), Switzerland (100.0/0.8), the Netherlands (80.4/-10.2), Germany (74.5/9.8), and France (62.8/-8.8). At the end come Italian Small Caps with a performance of only 8.5%.

In Austria, Small Caps and Mid Caps increased by more than 147.1% in the last seven years, while Large Caps lost 11.4% of their value. In the context of shorter observation periods, Small Caps also performed better than Large Caps, achieving a performance of 60.7% in the last five years, while Large Caps lost more than a third of their value. In the last three years, Small Caps put on 22.8% in value, while Large Caps lost 41.5%.

Considering last year, Small Caps recorded a performance of 23.9%, while Large Caps posted a rise of 18.9%.

"Companies are usually on a growth path and have a clearly defined business model. Not infrequently they are the market leaders in their niche and are therefore a high price-setting power that is reflected in the earnings momentum", said Allianz CIO Martin Bruckner.

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