Hot100 profile: Kames UK Smaller Companies

In the recent market rout, smaller companies have been spared the liquidity driven sell-offs that dogged them in the 2008 market crash. In fact, the smaller companies sector has held up better overall than the UK All Companies sector. In spite of this, Elaine Morgan, manager of the Kames UK Smaller Companies fund, believes that there is still value in the sector, which on a number of measures looks extremely cheap relative to history. Morgan has run the fund since June 2006. The fund is up 42.7% over five years, compared to a sector average of 19.2%. This is in spite of a relatively weak...