Smaller Companies

The past year has been characterized by very large swings in market sentiment for Japan equities. Increasing market volatility has coincided with short-term news linked to both comfort with and concern for the global cycle.

Joined BennBridge to set up Tellworth last year

£75m in new Ordinary shares

EM trusts also show strong performance

At first glance, European smaller companies look expensive. They trade on a two-year forward earnings-per-share multiple of 15.8x, against their 15-year average of 13x.

Co-manager alongside Adrian Bignell

Due to 'strong interest' from investors

Helped by strengthening US dollar

Evolution of the Economic Advantage process

Do not receive the funding required to grow