Bestinvest says
Performance has disappointed for too long. We recommend existing investors seek an alternative rated fund from the peer group.
The objective is capital growth in excess of the Numis Smaller Companies index over the medium to longer term. The core portfolio comprises of companies held for the long-term and these are generally trimmed but added to on setbacks. The satellite portfolio, corresponding approximately to the 20% is invested in short-term profit situations, "high-fliers" or "discoveries". A thorough understanding of the business of each company is fundamental to the investment process.