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At a glance
Index
S&P MidCap 400
Launch date
Nov 1997
Fund size
£358.5m
Fund currency
GBP
OEICs
Fund Managers
Cormac Weldon
Diane Sobin
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American Smaller Companies
The Threadneedle American Smaller Companies Fund was launched in 1997 and has a strong track record of out-performance versus its benchmark index over 1, 3 and 5 years. Managed by Head of US Equities Cormac Weldon, the fund benefits from the same proven, fundamental investment process that underpins Threadneedle's other successful US equity products. The portfolio incorporates research ideas from across Threadneedle's highly-regarded US team and is also supported by an independent risk management function. The fund is an excellent way to access the undoubted entrepreneurial spirit of corporate America and is likely to be of interest to experienced investors seeking to diversify their growth portfolios.
The fund aims to generate long-term capital growth by investing primarily in small US companies. The portfolio typically consists of 50 to 70 stocks, most of which have market capitalisations between U$1bn and U$5bn.
Graph as at 12 noon: 31st March 2012
- Smaller companies can be a source of long-term growth: selecting the industry leaders of tomorrow can deliver excellent investment returns.
- The US smaller companies universe offers access to high quality companies operating across the full range of industrial groups.
- Our approach marries thematic and macro analysis with a proven ability to select winning stocks.
- Smaller companies are not well covered by the analyst community - our fundamental analysis helps the fund to unearth under-appreciated opportunities.
- Our disciplined approach in assessing upside and downside risk is well-suited to managing risk in smaller companies portfolios.
- The industrial make-up of the smaller companies universe is distinct from the broader market, affording diversification benefits.
- The fund has produced strong outperformance versus its benchmark index over one, three and five years (see below for more details).
- Fund manager and team leader Cormac Weldon is A-rated by independent analysts Citywire.
- Launch date: November 1997.
- Min. Investment: £2,000 / €2,500 / $3,000.
- Index: S&P MidCap 400.
- Cormac Weldon
Cormac Weldon joined Threadneedle in 1997 and is Head of US Equities. He manages the Threadneedle American Smaller Companies, the Threadneedle American Select and the Allied Dunbar North American Growth Funds.
Cormac started his career with KPMG. He has also worked for Provident Mutual as an Analyst on their North American equities team and British Gas Pension Fund as a Fund Manager on their North American equities team.
Cormac has a BA in Accounting and Finance from Dublin City University.
He is also an associate member of the UK Society of Investment Professionals (UKSIP) and a CFA Charter holder. - Diane Sobin
Fund Factsheet
View our American Smaller Companies Fund Factsheet. more >