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.
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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]
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