Small and mid caps-focused trust Smithson (SSON) continued to underperform its benchmark in 2025 after experiencing a ‘year of two halves’. While the strategy of buying high quality small and mid-caps struggled last year, manager Simon Barnard believes being ‘so different’ from the market ‘could prove to be useful diversification for shareholders when this particular … Continue reading Smithson underperforms ahead of ‘bittersweet conversion’