Investors have always been drawn to small companies thanks to their potential to grow far more quickly than larger, more established rivals. But for every success story there are many that fail.
Smaller company fund managers make a living out of finding diamonds in the rough. This has been the objective of the £891m BMO (formerly F&C) Global Smaller Companies trust for decades.
Its manager, Peter Ewins, tells Telegraph Money how the rise of populism in Europe has affected where he invests and what the trust is doing to protect its 49-year track record of raising dividends. It is on the Telegraph 25 list of our favourite funds.
Who is the fund for?
We aim for a high total return by investing in…