Three funds under £100m making a splash

Fund selectors often overlook small vehicles, but they carry a number of benefits according to managers. Joanna Faith finds out why bigger is not always better.

‘The bigger the better’, ‘Safety in numbers’, ‘Too big to fail’…the list of adages goes on and on. But when it comes to fund selection, do these clichés still apply? Big name offerings with millions under management dominate the pages of the financial press, with every portfolio move hotly attested. And rightly so. These funds often have long track records, employ successful strategies, are run by highly skilled managers and are evidently popular among intermediaries. In times of market volatility, it may be more appealing for advisers to stick with large, well-established proposit...