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Asset management company Threadneedle revealed that many of America's smaller firms are seeing good performance compared to large operations. Even though the credit crunch and fears over the US economic outlook could impact heavily on smaller companies, it is thought that concerns over overseas revenues could mean large multi-national outfits are more risky for investors.
The company explained: "In summary, recent months have seen acceleration in the slowdown in economies outside the US and this is expected to have an adverse impact on the major US exporters."
Threadneedle expects that, as the US dollar continues to strengthen against other key currencies, this could lead to stronger support for small companies who tend to operate in the domestic market, where their performance is not undermined by overseas revenues.
Meanwhile, the US' commerce department has adjusted its annualised estimate for second-quarter gross domestic product growth to 3.3 per cent, suggesting a renewed optimism in the nation's economy, the Times reports.
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