Equities
Mirabaud Discovery Europe Strategy
Discovering small and mid-cap companies across Europe with compelling long-term growth stories.
We walk a road less travelled, journeying across Europe to discover under-researched companies.
Mirabaud Discovery Europe targets rare, non-mainstream holdings with typically <EUR2bn market cap, as we believe there is less market efficiency in small and mid-caps as a result of lower analyst coverage.
We look for innovative companies dominant in niche markets, run by aligned management and benefiting from transformational change.
A deep research process helps us to identify what we believe to be hidden gems. Company visits are critical and we aim to build mutually beneficial relationships with the firms we invest in through ongoing engagement. The team conducts on average 400 company meetings each year, focusing on those names that look most interesting based on proprietary quantitative and qualitative screening.
Portfolio characteristics
HIGH CONVICTION | Best-ideas portfolio of 25-40 stocks. Top-10 positions account for >30% of the portfolio. |
SMALL-CAP BIAS | Holdings typically have <EUR2bn market cap. |
RARE HOLDINGS | The strategy is benchmark aware, but not benchmark constrained, facilitating investment into non-index securities. |
FOCUSED ALPHA | >90% active share. |
RISK CONTROL | Focus on company cash, not stock volatility. |
SFDR ARTICLE 8 | Portfolio is shaped by three sustainability megatrends. |
Strategy resources
Fund Information
Monthly Reporting
Monthly Commentary
View the Mirabaud Discovery Europe Ex-UK Strategy details and reporting
Portfolio managers
Hywel is Head of European Equities at Mirabaud Asset Management and Lead Portfolio Manager for the Mirabaud - Discovery Europe and Mirabaud - Discovery Europe Ex-UK funds.
Trevor Fitzgerald is Deputy Portfolio Manager for the Mirabaud - Discovery Europe and Mirabaud - Discovery Europe Ex-UK funds.
European discovery stories
Our approach is to go off the beaten track to discover under-the-radar companies with strong fundamentals and transformational growth stories before they’re on the mainstream radar. Explore the stories of our small-cap discoveries.
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