Guinness Flight Hambro is launching two smaller companies funds after predicting the end of the bull run for blue chips. The global smaller companies fund and European smaller companies fund will be launched on December 1. Minimum investment is £2,000.
Both funds offer investors exposure to smaller listed companies. Initial charge is 5 per cent and annual management charge is 1 per cent. Commission is 3 per cent. Guinness Flight claims that smaller companies now offer better value than the blue chips which have performed so strongly in recent years.