Funds: 2Xideas Global Mid Cap Library Fund

How 2Xideas has performed versus the peer group

*Covers period 30 April 2018 (2Xideas fund launch) to 12 April 2023 (latest available date)

Table: Shares magazine • Source: FE Fundinfo, total return in pounds, data taken 12 April 2023

Top Performer Since Launch

Does the voting process work? The proof is in the performance. On a three-year basis the fund has returned 33.6% in sterling terms, triple the return from Smithson (11.3%), according to data from FE Fundinfo.

2XIdeas versus Smithson

Having launched on 30 April 2018, we will have to wait 10 more days to be able to get the full fiveyear performance data. But running the numbers since the fund’s inception to 12 April 2013 shows that 2Xideas was the top performer in sterling terms of a group of 10 funds with a similar focus on global smaller companies.

For this period, 2Xideas Global Mid Cap Library Fund returned 59.3% versus Columbia Threadneedle Global Smaller Companies’ 27.2% and 57.6% from the MSCI All-Countries World index (again, in sterling terms), among others. Smithson did not exist when the 2Xideas fund launched.

On that basis, 2Xideas might soon get on the radar of retail investors, particularly as the quality growth investment style comes back into fashion.

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By Daniel Coatsworth Editor