Fund Objective

To give an income together with some capital growth over the long term by investing, mainly, in a portfolio of UK company shares. The fund may also invest in fixed interest securities.

View on Past Performance

The six months to the end of June have been a challenging period for UK equities, and particularly for those investing in smaller companies. Volatility has been a key feature of the market. With risk-averse investors seeking the perceived safety of shares in large companies, smaller companies have underperformed relative to the market.

Future Expectations

While many small and medium-sized companies are now trading at their most attractive valuations in several years, their share prices may prove vulnerable to ongoing economic concerns.

Fund Details