Home › News & Insights › 5 Years of Whitman's Small Cap Growth Fund UK

5 year anniversary of the Whitman UK Small Cap Growth Fund

The video marks five years since the launch of the Whitman UK Small Cap Growth Fund on 9 December 2020. Joshua Northrop and George Henderson reflect on the fund’s journey through very different market cycles from the post‑COVID bull market in 2020–21 into a prolonged bear market driven by rising interest rates, UK political uncertainty, high inflation, and the energy crisis.

Despite these challenges, the fund has delivered top‑quartile performance since inception. Joshua explains the fund’s philosophy: investing in 40–50 small‑cap companies (typically £50m–£2bn in size), backed by strong management teams and the ability to deliver predictable earnings growth of at least 10% per year. The video highlights that small caps give investors access to the same major structural themes seen in large caps including the artificial intelligence mega-trend, but with greater potential for earnings growth.

Overall, the message is one of resilience, disciplined stock selection, and confidence in the fund’s positioning for the years ahead.

Video Disclaimer: Although Whitman uses all reasonable skill and care in compiling this video, no warranty is given as to its accuracy or completeness. The opinions expressed accurately reflect the views of Whitman at the date of this presentation based on our views at such time regarding market conditions and other factors, may depend upon assumptions or projections that may not prove to be correct, and are subject to change. The opinions stated are honestly held, they are not guarantees and should not be relied upon.

The value of investments may fall as well as rise and your capital is at risk. Information on past performance, where given, is not necessarily a guide to future performance. We strongly recommend that you seek professional advice before you consider making investments in such securities. AIM has less stringent rules and AIM company shares may be less liquid than those companies listed on the London Stock Exchange.

Current tax rules and the available tax reliefs offered on investments into AIM-quoted stocks may change at any time, and there is a considerable risk that if the legislation changed in respect of these tax reliefs, then those stocks that no longer qualified for such reliefs would be subject to heavy selling pressure, potentially leading to significant investment losses.