Shareholders in investment trust Odyssean have had an enjoyable – yet bumpy – journey since the fund was launched six years ago. It is also founded on an expected rerating of the sector that Odyssean targets – UK smaller companies. These factors, he says, could provide the trigger for a period of sustained performance from these smaller companies. 'We search for unloved gems,' says Widdowson, 'and hope they turn into polished diamonds.' First, its shares seldom trade at a discount to the underlying assets, which means shareholders' holdings are not diminished in value.

Source: Daily Mail May 05, 2024 03:00 UTC