In this 7-minute overview of the Downing Strategic Micro-Cap Investment Trust (DSM), Fund Managers Judith MacKenzie and Nick Hawthorn discuss the team behind the 4-year-old investment trust, their value investment style, and why they focus on the often overlooked and unloved micro-cap (sub £150 million market cap) area of the market.
Judith touches on how the underlying companies reacted to Covid, and the measures they took to make them more efficient using Ramsdens as an example.
The fund managers are feeling positive and bullish about DSM which is shown in the latest investor letter and reiterated in the half year report.
For more information on the fund managers approach click here.