Smaller Companies Outperform Big Stocks in 2015

Year to date the stand out performers have been smaller company investment trusts whether it is in the UK, Japan or Europe

Emma Wall 11 December, 2015 | 1:01PM
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David has once again slain Goliath – on the stock market that is. This year, it has been the smaller companies in the UK and Japan that have outperformed their blue-chip counterparts, thanks to supportive central bank policy.

Baillie Gifford Shin Nippon (BGS) has been the top performing investment trust year to date according to Morningstar data, returning 41% since January 1. The Gold-rated Standard Life UK Smaller Companies Trust (SLS) comes in at number three – and the rest of the top 20 are peppered with closed-end funds invested in smaller-cap stocks.

According to the Association of Investment Companies (AIC) this year’s top performing sector for investment trusts is Japanese Smaller Companies, up of 21.3%, whilst European Smaller Companies takes second place up 21.1%.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Baillie Gifford Shin Nippon Ord233.00 GBX0.65Rating
BlackRock Throgmorton Trust plc915.00 GBX0.77Rating
European Opportunities Trust743.00 GBX0.27Rating
JPMorgan European Smaller Comp Ord505.00 GBX0.40Rating
JPMorgan Mid Cap Ord1,465.00 GBX0.00Rating
Mercantile Ord276.00 GBX0.18Rating
Montanaro European Smaller Ord1,735.00 GBX0.29Rating
Standard Life UK Smaller Co. Ord693.00 GBX1.02Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar

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