Funds

VAM US Mid Cap Growth Fund is an active, earnings growth-oriented, smaller-biased approach to US mid-capitalisation equities

Mid-capitalisation stocks, represented by companies with market caps larger than most small-capitalisation stocks and smaller than most large-capitalisation stocks, may be overlooked by investors who instead focus on allocating assets to faster growing smaller-capitalisation stocks and the perceived lower-risk profile of larger-capitalisation stocks.

The traditional argument for mid-capitalisation stocks is that they offer a “sweet spot” between growth and stability. Historically, US mid-capitalisation equities have provided investors with superior risk-adjusted returns.

The VAM US Mid Cap Growth Fund is an active, conviction-based portfolio, generally fully invested in 80 to 150 holdings with position weights generally between 0.1% and 4%. The Fund focuses on small to mid-sized growth companies and on the identification of company-specific growth inflection points, and exploiting how stocks trade during subsequent periods.

The Fund is managed by Driehaus, which is a specialist institutional investment manager based in Chicago, Illinois, USA. Driehaus is unique in that its investment professionals have spent decades focused on identifying company-specific, positive turning points and exploiting the subsequent investment opportunities.

Key Features

• Launched on 29th April 2005
• Invests in US smaller to mid-cap equities
• High active share
• Fully liquid
• Daily dealing
• Available in USD and GBP