Bargain shares among the small caps

In the current uncertain economic outlook, Credit Suisse fund manager James Chapman favours small caps with defensive growth characteristics - he reveals his top three shares to buy now.

Every week, a professional investor tells MoneyWeek where he'd put his money now. This week: James Chapman, manager, Credit Suisse Smaller Companies fund

Small-cap shares are resolutely out of favour just now perhaps unsurprisingly, given their history. Small caps traditionally underperform large caps in economic downturns and are also seen as higher risk. The result has been a 25% fall in the FTSE Small Cap index over the past 12 months.

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MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.