UK smaller companies funds smash index
Giles Hargreave’s Special Situations fund is a superstar at 16
Over the 16 years since the launch of stocks and shares ISAs, the top-performing funds have been dominated by emerging market and UK smaller companies funds.
The number one performer since ISAs were introduced has been the Marlborough Special Situations fund, which returned 1516.10% during the period, according to research from Chelsea Financial Services. Had an investor invested £7,000 (the then-max ISA limit), it would now be £113,120. By comparison, the UK Smaller Companies Index (FTSE Small Cap Index) would have returned only £18,340.
“This is quite an incredible return when you consider the index only returned 162% over the same period,” said Darius McDermott, managing director at Chelsea Financial Services. “Giles Hargreave and his team’s reputation as astute stock pickers is richly deserved. The process has held up well across a wide range of market conditions, and the long-term track record of this fund is exemplary.”
Other smaller companies funds that have smashed the index have been Artemis UK Smaller Companies and Blackrock Smaller Companies, returning 841.29% and 697.66%, respectively. The Baring Europe Select Fund, which also focuses on small and mid-sized European companies, returned 524.42% over the period.