An investment fund which focuses on smaller companies is celebrating its first anniversary .
Ken Nicholson, manager of the European Smaller Companies Fund, claimed that although the investment product has not entirely avoided the affects of market turmoil, it has still "outperformed".
He said: "Current market conditions offer up a great opportunity for buying into companies at very attractive valuations .
"Take Gemalto for example, the French smart card company, which is up by over 20 per cent".
According to Mr Nicholson, the investment fund has succeeded by focusing on "high-quality growth companies."
The fact the European smaller companies sector is worth around € 1,449 billion (£1,146 billion) means there are plenty of opportunities for investment, he added.
People willing to take a medium to long-term view will be especially likely to benefit, Mr Nicholson stated.
Earlier this week, Sam Morse, manager of the Fidelity MoneyBuilder Growth Fund, claimed the fact dividend yields on UK shares have exceeded that of ten-year government bonds could indicate investment markets are set to rally.
Mr Morse pointed out the last time this happened was 2003 and the event marked the low of the bear market which was being experienced.
Small firm investment fund turns one
Small firm investment fund turns one
Thu, 25 Sep 2008
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