Fund Objective

To provide capital growth.

View on Past Performance

Smaller companies offer investors exposure to some niche growth areas that, often, cannot be accessed through large companies.They also tend to grow more rapidly than larger firms and can go on to become household names. Our investment approach centres on stock selection, which means we focus on each company's ability to create value for shareholders, rather than try to predict what will happen in the wider economic environment.

Future Expectations

We make more than 1,000 contacts with companies each year; during these meetings we seek to understand and evaluate the management's strategy and to assess the characteristics and competitive landscape of the relevant industries and sectors. As research coverage of smaller companies is limited, meeting company management is vital to our process.We believe our strategy of seeking out undervalued smaller companies across Europe, which are capable of organic growth, pricing power and earnings sustainability, will enable us to provide good long-term returns to shareholders.

Fund Details