Davids seeks out extreme growth and value

Co-manager of JPMorgan UK Smaller Companies is unwilling to call end of small- and mid-cap run, pointing to decent valuations and earnings growth

Mark Davids took control of JPMorgan UK Smaller Companies fund alongside Georgina Brittain in 2000. Since that time, he has managed to generate consistent sector-beating returns and is top-quartile over three and five years, according to Morningstar. The £301m vehicle is up 105.3% on a bid-to-bid basis over three years to 23 April and 142.2% over five, ranking the fund seventh and sixth respectively in its IMA peer group. What is the basic investment philosophy on the fund? Our basic philosophy is the same for all our funds run on the European desk. We are looking for cheap, fast-growi...