Marlborough European Multi-Cap A Inc

  • Invests across all sizes of company in Europe, but with a bias to small caps
  • Identifies undervalued businesses with above average growth potential
  • Manager works with a large and experienced investment team
  • Bottom-up stock-picking investment approach

 

The Marlborough European Multi-Cap Fund identifies undervalued companies with above average growth potential across Europe, excluding the UK.

The fund has a multi-cap approach, seeking opportunities in companies across the market cap spectrum, but has a bias to small companies.

Small caps, large upside potential

Manager David Walton, who works with a sizeable and experienced team, believes these small caps have the potential for large upside, but are ignored by most investors because of their size.

Bottom-up stock-picker

David is a bottom-up stock-picker, and rather than attempting to analyse on an ongoing basis all of the 3,500 companies listed in Western Europe, he maintains a focus list of 250 companies that he has identified as potential investment opportunities. From this list he constructs a portfolio of more than 100 stocks.

When selecting stocks, David believes the quality of those managing the business is a key factor in the performance of large and small companies alike. He will aim to meet each company in the fund at least once a year and on the focus list at least once every 18 months.

Risk Warning: The value of investments and the income from them may fall as well as rise and you may not get back the amount you originally invested. Changes in exchange rates may cause the value of the fund to rise or fall. The Fund may use derivatives to protect the value of the Fund's assets or to reduce the costs of investing, although this may not be achieved. It is not anticipated that the use of derivatives will have any significant effect on the risk profile of the Fund. The Fund invests in smaller companies which carry a higher degree of risk than larger companies. The shares of smaller companies may be less liquid and their performance more volatile over shorter time periods.