Family ties take McInroy & Wood Smaller Companies to second spot in IMA Global

Low profile fund from family-run firm proves quietly successful in IMA Global sector

A small global fund has claimed a top spot in its sector through the strategy of ‘keeping it in the family’. The £40m McInroy & Wood Smaller Companies fund is ranked second out of 192 funds in the IMA Global sector over three years to 8 July. Over this period it returned 74.6% while the sector average was 27.5%, according to Morningstar. It also holds second place out of 220 funds over one year, returning 36% compared to the average fund’s 20.9%. Company history McInroy & Wood was founded in 1986 by the current managing director’s father and step-grandfather as a discretionary in...