The hidden gems under the radar of Wall Street

Robert Anstey, lead manager of the Hermes US Small & Mid Cap fund, explains where his team is finding value further down the market-cap spectrum.

Stock ideas for our fund are generated from a variety of sources, however, the vast majority originate from meeting company managements and visiting their facilities on the ground. We fly in, rent a car and go visiting businesses in the middle of nowhere. Our approach is more Main Street rather than Wall Street, searching for companies which are under the radar and attract less research coverage. Quality companies We are looking to buy high quality companies at an attractive price and then own them over the long-term with an average holding period of three to five years. By quali...