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A report co-authored by Elroy Dimson, Chairman of the Centre for Endowment Asset Management at Cambridge Judge Business School, cited in the article. The Numis Smaller Companies Index (NSCI) represents the bottom 10 per cent of the UK market, excluding investment trusts. “Over the 64 years since 1955, the index had produced average annual returns of 9.7 per cent compared with 6.4 per cent for the FTSE All-Share.” (subs)

Read the full article [investorschronicle.co.uk]