146. Why a small population can help a company grow
David Walton, manager of Marlborough European Multi-Cap fund, tells us why so many European companies are still undiscovered by investors. We learn why a small population in Sweden can be beneficial to company growth and why difficult politics in Italy can lead to good opportunities. The podcast ends with a discussion about M&A activity picking up on the Continent.
Marlborough European Multi-Cap fund invests in European businesses of all sizes and offers access to much smaller companies than many of its peers. These businesses are often overlooked and hence have the potential to outperform. It is a true stock picker’s fund with lead manager David Walton and deputy manager Will Searle scouring the market for under the radar opportunities.
Read more about Marlborough European Multi-Cap
What’s covered in this podcast:
- What the fund does differently to its peers [0:19]
- The type of company the manager invests in [0:51]
- What the manager likes about Swedish companies [2:17]
- Why difficult politics can lead to opportunities in Italy [3:10]
- Why under-researched companies are plentiful in Europe [4:32]
- How much of the fund is invested in smaller companies [5:55]
- If M&A activity is picking up in Europe [6:25]
This article is provided for information only. The views of the author and any people quoted are their own and do not constitute financial advice. The content is not intended to be a personal recommendation to buy or sell any fund or trust, or to adopt a particular investment strategy. However, the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Past performance is not a reliable guide to future returns. Market and exchange-rate movements may cause the value of investments to go down as well as up. Yields will fluctuate and so income from investments is variable and not guaranteed. You may not get back the amount originally invested. Tax treatment depends of your individual circumstances and may be subject to change in the future. If you are unsure about the suitability of any investment you should seek professional advice. Whilst FundCalibre provides product information, guidance and fund research we cannot know which of these products or funds, if any, are suitable for your particular circumstances and must leave that judgement to you. Before you make any investment decision, make sure you’re comfortable and fully understand the risks. Further information can be found on Elite Rated funds by simply clicking on the name highlighted in the article.