Brown Advisory to combine strategies for US blend fund

Brown Advisory has brought together its small-cap growth and value strategies to launch a US Small-Cap Blend in its UCITS range.

The US equity specialist said the fund targets UK investors left with ‘limited options' following a number of funds either closing or move up the market-cap spectrum in recent years. Combining Brown Advisory's US small-cap growth and US small-cap value strategies, the blend fund will be managed by both teams and hold around 100 stocks. Small-cap growth manager Chris Berrier said the portfolio will be "more diversified, style-agnostic and generally more reflective of the broader US small-cap landscape as represented by the Russell 2000 index." "We believe the small-cap environment r...