Disclaimer
This is a non-independent marketing communication commissioned by Brown Advisory. The report has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on the dealing ahead of the dissemination of investment research.
In this episode of Trust Issues, we speak to Christopher Berrier, manager of Brown Advisory US Smaller Companies (BASC), about the opportunity for investors in the US small-cap sector, including recent performance and why the US small-cap sector lends itself well to active management.
0:00 Risk warning
0:47 Introduction
01:05 Background as a fund manager
02:42 Main objective of the trust
04:01 How BASC is differentiated from its peer group
06:16 Why the US small-cap sector lends itself to active management
08:20 How the trust manages downside risk for investors
11:58 Length of holding periods for portfolio companies
14:00 Best-performing investments & recent portfolio changes
17:16 Recent trends in M& activity
20:22 Looking at more unusual or growth portfolio companies
23:02 Views on outlook for US small-caps