Legg Mason IF Royce US Smaller Companies Class X - Accumulation (GBP)
Our view on this Fund
This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.
Smaller companies often have high growth potential. They can be under-researched too, because most investors focus on larger businesses. So they're an exciting investment proposition with a better chance of finding a hidden gem. It's also a higher-risk area though, so this is a more adventurous way to invest in the US.
We think an experienced team is vital when it comes to smaller companies. Lauren Romeo is part of a team that's been investing in US smaller companies since the early 1970s. We like their consistent approach that tries to find companies with underappreciated growth potential. We think it's got the potential to deliver excellent performance, but a long-term view is essential.