JM Finn, a UK privately owned investment manager, has launched the JM Finn CF UK Smaller Companies Fund.
This fund is an addition to the investment fund stable at JM Finn which currently includes the UK Portfolio Fund and the Global Opportunities Fund.
The objective of the JM Finn UK Smaller Companies Fund is to deliver growth through a “panoramic” approach and outlook. Investment will be focused on London Stock Exchange listed companies that have exposure to the exceptional growth trends that are a consequence of globalisation that involve the industrialisation and urbanisation of developing countries, in addition to the high growth areas left in the developed markets.
The fund will be focusing investment on 12 sectors within the UK smaller companies universe.
JM Finn says smaller companies have generated short, medium and long term outperformance against the FTSE 100 and FTSE All Share Index. Over the decade 2000-2009 the Hoare Govett Smaller Companies Index (ex Investment Trusts) rose 66 per cent, while the FTSE 100 rose nine per cent and the FTSE All Share Index rose 18 per cent. Since 1955 UK small cap stocks have made an average 15.4 per cent return a year against the whole London market average return of 12.7 per cent a year.
Gill Leates, manager of the CF JM Finn Smaller Companies Fund, says: “This is an exciting time to be launching this fund. The opportunity created by combining investing in the smaller LSE listed companies with emphasis on the global growth themes of the emerging economies over the next decade is exceptional. My broad experience and long successful track record of managing not only the largest smaller companies fund at the time, but also managing large funds with large, mid and small cap stocks for both UK and global mandates, gives me a broader perspective to be able to enact this panoramic approach for this portfolio.”
James Edgedale (pictured), chairman of JM Finn, adds: “This fund perfectly complements our business and adds weight to our growing reputation in the investment funds business. In addition, this demonstrates how we are organically evolving the business into new markets to providing additional resources, depth and breadth for clients. Gill was recruited specifically to help develop the firm’s investment fund business. Combining an innovative approach with exceptional experience and a manager with a track record that speaks for itself, this fund reflects the qualities that have driven the success and growth of JM Finn & Co.”