The UK market has a long tradition of collective investing in smaller companies, which means there is a wide range of funds and trusts available to investors looking for broad exposure rather than to pick individual stocks themselves.There are two dozen trusts listed on the Association of Investment Companies website, with a combined market cap of around £6 billion, while the Investment...

Shares gain on all-cash 450p per share offerBid price equivalent to 52% premiumTop five shareholders own a third of the companyLogistics firm Wincanton (WIN) was one of the biggest gainers in London on Friday, surging almost 50% to 438p after receiving an all-cash offer worth 450p per share from a unit of French shipping giant CMA CGM.Directors are unanimously recommending the offer, which...

Value stocks have outperformed growth stocks by 12% since Pfizer (PFE:NYSE) announced the first effective Covid-19 vaccine on 9 November 2020. That's comparing the MSCI World Value index against the MSCI World Growth index.We have reason to believe the value investing style could soon deliver even bigger outperformance given the shift in the backdrop from cheap money to more normalised...