The stock market adage has it that smaller companies tend to fare better than larger ones in the long run, albeit with a bit of additional volatility thrown in to make the investment ride a little less comfortable. Not only has Blackrock Throgmorton consistently borne out this thesis, but the high-performing investment trust has trounced most of its sector peers along the way.
The trust was incorporated in 1957 and its portfolio has been overseen since July 2008 by Blackrock, the world’s largest money manager. Its brief is to generate returns by investing predominantly in smaller and mid-sized UK-listed companies.
As well as taking long positions in companies that it thinks have been undervalued, the trust bets against listed businesses that it believes will be