Brown Advisory US Smaller Companies (BASC – formerly Jupiter US Smaller Companies and prior to that F&C US Smaller Companies) aims to achieve attractive long-term capital growth by investing in a diversified portfolio of quoted US smaller and medium-sized companies.
BASC aims to provide investors with long-term capital growth by investing in a diversified portfolio primarily of quoted US smaller and medium-sized companies. Brown’s long-term investment philosophy has three core tenets: to think and act differently; to exploit inefficiencies; and to focus on businesses that possess three qualities in particular: durable growth, sound governance, and scalable go-to-market strategies.
Brown employs a disciplined, long-term investment philosophy based on a careful analysis of business fundamentals relative to the price of the security. It seeks to own sound businesses at attractive prices where it considers its view of the world differs from that of the consensus. It focuses on backing growing businesses and places an emphasis on having positive free cash flow generation, ROE and ROIC.
We published a note in March 2021 in advance of the changer of manager – Over the pond.
You can access the manager’s website here