Marlborough European Special Situations Fund
Overview
The Marlborough European Special Situations fund is free to invest in outstanding businesses of all sizes, but the team have a particular focus on smaller companies they believe have exceptional growth potential not yet identified by the vast majority of investors.
Manager David Walton and his highly experienced team seek to identify undervalued companies with high-calibre management and proven business models and then hold them for the long term. David believes quality smaller companies with excellent prospects are often overlooked by most investors simply because of their size.
What gives Marlborough European Special Situations a particular edge in the hunt for opportunities is the quality of the analysis conducted by David and his team of skilled stock-pickers.
David Walton
David Walton
We provide a comparison benchmark for each fund to help investors assess how it is performing relative to similar funds. These benchmarks are often the average performance for a fund ‘sector’, which is a grouping of broadly similar funds.
We have changed the benchmark for the IFSL Marlborough European Special Situations Fund from the Investment Association’s Europe excluding-UK sector to the European Smaller Companies sector.
Up to 90% of the shares held in the fund are European smaller companies* and we believe comparing its performance against funds with a broadly similar investment strategy will provide a more appropriate benchmark. The change of benchmark took effect on 30th April 2026.
*We define smaller companies as those in the bottom 20% of the market capitalisation. This means they are in the lowest 20% by total stock market value.
Documents
Risk Warning
Data Source: FE Fundinfo. Capital is at risk. The value and income from investments can go down as well as up and are not guaranteed. An investor may get back significantly less than they invest. Past performance is not a reliable indicator of current or future performance and should not be the sole factor considered when selecting funds. All funds show 5 discrete years performance unless the Fund inception date is less than 5 years. All Fund data is the latest available from FE Fundinfo.
Risk Warning
Data Source: FE Fundinfo. Capital is at risk. The value and income from investments can go down as well as up and are not guaranteed. An investor may get back significantly less than they invest. Past performance is not a reliable indicator of current or future performance and should not be the sole factor considered when selecting portfolios. All portfolios show 5 discrete years performance unless the portfolio inception date is less than 5 years. All portfolio data is the latest available from FE Fundinfo. Investment Association (IA) sectors are provided for comparison and illustration purposes only. We have chosen the IA sector that most closely matches the portfolio, in limited instances the allocations of the portfolio may fall outside the boundaries of the relevant IA peer group.
Risk Warning
Data Source: FE Fundinfo. Capital is at risk. The value and income from investments can go down as well as up and are not guaranteed. An investor may get back significantly less than they invest. Past performance is not a reliable indicator of current or future performance and should not be the sole factor considered when selecting portfolios. All portfolios show 5 discrete years performance unless the portfolio inception date is less than 5 years. All portfolio data is the latest available from FE Fundinfo. Investment Association (IA) sectors are provided for comparison and illustration purposes only. We have chosen the IA sector that most closely matches the portfolio, in limited instances the allocations of the portfolio may fall outside the boundaries of the relevant IA peer group.
