Smaller Companies Fund

The investment objective of the Smaller Companies Fund is to grow the real value of investors’ capital and income. Investments will be in global smaller companies, which do not form part of the leading market indices. An equal emphasis will be placed on the generation of income and on capital growth.
More information is available in the fund's Key Investor Information Document.

Why invest in the Smaller Companies Fund?

The Smaller Companies Fund seeks shares in companies that offer long-term growth opportunities, particularly in those that might be overlooked or dismissed as too small by other investors.  It offers exposure to investments that otherwise would be difficult and expensive for an individual to construct, particularly those with smaller sums to invest.

The fund has a long, public track record and – like all our investments – is managed according to our ethical principles.

Our approach

Experience suggests that better investment results arise from a long-term investment approach with a focus on quality. We seek companies with sustainable growth prospects, strong and established business models, sound balance sheets, and often a growing stream of dividends.

We take a collegiate approach to stock selection and monitoring and our investment staff draw on a deep well of experience in the analysis of smaller companies. We have chosen as a matter of principle to invest directly, keeping full control over every investment.

How is the fund structured?

The fund is a UK UCITS authorised unit trust. This means that the manager must follow minimum standards, including holding a diversified portfolio, publishing clear guidance on charges and taking steps to safeguard investors' money. Its structure provides investors with certain institutional safeguards and simplicity of administration.

There are also tax considerations: individuals can defer incurring capital gains tax until units in the fund are sold, and the portfolio of underlying investments are managed without tax constraints.