The past twelve months have been painful for investors in UK small and midcap stocks with the small, mid and AIM indices all seeing major setbacks. As a result we are now seeing opportunities in a number of high-quality smaller companies with strong growth prospects whose valuations are now significantly lower than their recent history . For long-term investors, we believe this disconnect between valuations and growth prospects represents a rare chance to increase allocations to small cap at attractive prices. Scott McKenzie and David Stevenson will be discussing these recent developments and how the Amati UK small cap team intend to position the UK Smaller Companies Fund to benefit.