Trust that backed Fever-Tree to be a global success story

WHAT DOES IT DO?

Seeks ‘tomorrow’s large companies today’, investing in smaller set-ups with good cash flow, strong balance sheets and long-term management.

WHAT DOES THE MANAGER INVEST IN?

Harry Nimmo has run the trust since it launched in 1997. He likes growing businesses which can increase their dividends. Around 25pc of the trust is in tech firms such as Moneysupermarket.com, and 20pc is in consumer businesses including Ted Baker and JD Sports. A favourite is premium mixer drinks maker Fever-Tree. Nimmo says: ‘It’s at the forefront of a revolution and is becoming a worldwide brand. I think the market is underestimating its potential.’

WHAT DO THE EXPERTS THINK?

John Blowers, head of Trustnet Direct, says: ‘We really rate Harry Nimmo as he has performed consistently well over the long-term. The acid test is how well he picks the best of British smaller companies in a post-Brexit world, but we would expect his experience and track record to do a better job than many others.’

WHAT DO THE EXPERTS LIKE?

The trust has grown at an average of 17.7pc a year over the past decade. Having a long-term manager at the helm who has invested through different economic conditions provides reassurance.

AND ARE THERE ANY DOWNSIDES?

Smaller companies’ funds can suffer in an downturn, so those concerned about a potential recession may not want to invest in them.