我们都有这样的常识,每次经济衰退时,小公司因为实力弱小,比一流大公司更易遭受沉重打击。可一旦经济开始复苏,它们也处在水涨船高的有利位置。所以截止目前,虽然Schroders日本小型公司基金仍在等待经济复苏以制订投资中小型企业的策略,但它似乎已经开始慎重选择股票、平衡投资分布的第一步工作。该基金到去年10月止,已惊人地上涨了52%;即使是在10—11月间,日本股票市场跌势小衰,该基金的表现也好于日经225种股票平均指数。从1993年9月开始,日经指数在3个月里跌落18%,而Schroders基金只损 We all share the common sense that each time a recession occurs, a small company is more vulnerable than a first-class company because of its weakness. But once the economy starts to recover, they are also in a good position to soar. So far, though, Schroders Japan’s small corporate funds are still waiting for an economic recovery to formulate strategies for investing in small and medium-sized businesses, but it seems that they have begun to carefully select stocks and balance the first step in the distribution of the investment. The fund has risen by an alarming 52% up to October last year. Even in Japan, the decline in the Japanese equity market was weak from October to November, and the fund outperformed the Nikkei 225 Stock Average. From September 1993 onwards, the Nikkei index fell 18% in three months, while the Schroders Fund only lost