Threadneedle American Smaller Companies launched in 1997 and has been managed by Diane Sobin since April 2012. It mainly targets companies with market caps of less than US$5bn.
LeggMason Royce US Small Cap Opportunity launched in 2002 and has been under the management of Bill Hench since June 2009. It aims to invest at least 70% of asset in US companies with market caps of $2.5bn and under.
Parmenion’s Meera Hearnden runs the rule over the pair for us.