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European small caps are ending 2020 relatively unscathed, said UBS equity analyst, Bosco Ojeda in a December 17 research note.
The small-cap index, the STOXX 200, has almost broken even this year. It is down 1% year-to-date, while the large-cap STOXX 600 and STOXX 50 are both down around 7%. European small caps have performed reasonably well in 2020; initially they took a big hit (-40% to its year lows) but recovery lately has been solid, Ojeda said.
The investment bank, UBS maintains a stock list of the top 20 small- and mid-cap stocks within their small-cap universe. The firm s most recent research note outlines the most updated top 20 list as investors look to 2021.