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A high conviction, concentrated fund, which through its dedicated focus on micro cap companies and fundamentals-based stock picking, delivers risk-adjusted returns with low correlation to its peer group.

Why UK micro cap equities? 

 

We classify micro cap stocks as those companies listed on the main market and AIM with a market cap below £250m.  

+ Under-researched: Micro cap stocks are often under-researched by the market, resulting in more opportunities to identify undervalued companies flying under the radar 

+ Rich territory: There is a large pool of micro cap stocks to choose from. Around 75% of the c.1,240 companies in the NSCI + AIM Index are below £250m in market cap1 

+ New ideas: The investment universe is constantly changing - only c.25%of the current listed companies existed 15 years ago 

+ Long-term performance: Studies show micro caps outperform small, mid & large cap stocks over the long term3 

+ Under-valued: As they are less well known and with a perception of higher risk, micro-cap P/E multiples are typically highly discounted4

 

  1.  Peel Hunt research, June 2018.
  2.  London Stock Exchange, 2017.
  3.  NSCI 2017 Annual Review, Evans/Marsh.
  4.  Peel Hunt research, June 2018.

Fund objective and key stats

The fund aims to achieve long-term capital growth through investment primarily in equities of UK companies. Investment in the main will be in an actively managed portfolio of equities of smaller UK companies traded on AIM and other UK markets which are considered to have potential for capital growth.

Investing in smaller companies, including AIM companies, can carry greater risks than those usually associated with larger companies and investors’ capital is at risk.

Ken BG      

Fund manager: Ken Wotton            Co-manager: Brendan Gulston

Launch date: 19 May 2009

Fund Sector: IA UK Smaller Companies

Number of holdings: 40-60

Fund Type: NURS

Base Currency: GBP

Pricing: 12.00 Noon GMT

ISIN: GB00BV9FYS80

Annual Management Charge: 0.90%

Minimum Investment: £10,0000

 

Download factsheet

 

Why are we different?

Ken Wotton, Fund manager, explains how the Fund seeks to deliver consistent returns with lower volatility, through its dedicated focus on micro cap companies and fundamentals-based stock picking.

Platform availability

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How to invest

Shares may be bought directly from Link Fund Solutions Limited (“Link Fund Solutions”) or through a professional adviser or other intermediary, application forms may be obtained from Link Fund Solutions.

 

Website: www.linkfundsolutions.co.uk

Email: investorservices@linkgroup.co.uk

Call: 0845 922 0044

Important Information


Past performance is not a reliable indicator of future performance. The value of the Fund and the income from it is not guaranteed and may fall as well as rise. As your capital is at risk you may get back less than you originally invested.

 Fund investing in smaller companies may carry a higher degree of risk than funds investing in larger companies. The shares of smaller companies may be less liquid than securities in larger companies. You should note that your tax treatment in relation to any investments will depend on your individual circumstances and may be subject to change in the future. Governments may change the tax rules which affect you or the funds in which you have invested.

 The LF Gresham House UK Micro Cap Fund is a non-UCITS retail scheme (NURS), which is also an OEIC but one that does not comply with the requirements of UCITS IV and so cannot be marketed to investors across the EEA. A NURS fund can still be marketed to retail investors in the UK.