In November, smaller companies rose in most geographies in sterling terms, with the exception of Europe and the emerging markets. Economic data was worse than expected in most regions; however, China saw some improvement. Cyclical sectors were in favour, with consumer discretionary, financials and industrials leading. In contrast, defensive sectors such as healthcare, materials and consumer staples lagged.

In November, smaller companies rose in most geographies in sterling terms, with the exception of Europe and the emerging markets. Economic data was worse than expected in most regions; however, China saw some improvement. Cyclical sectors were in favour, with consumer discretionary, financials and industrials leading. In contrast, defensive sectors such as healthcare, materials and consumer staples lagged.

Acceleron Industries was originally part of the Swiss industrial company ABB and was spun out through an IPO in October 2022.