Montanaro European Smaller Companies Fund Sterling Institutional Distribution Class Shares
Category Europe Small-Cap Equity
This fund can be held in an Investment ISA, SIPP and Investment Account
Last buy/sell price
£7.281
£0.00 (+0.00%)
Fund Code
MTEII
B3V9KZ1
IE00B3V9KZ14
Prices updated as at 12 Dec 2025
Prices in GBP
Investment objective
The investment objective of the Fund is to outperform its Benchmark. The Fund shall invest primarily in SmallCap companies quoted in the European Union, the United Kingdom, Iceland, Norway and Switzerland whose market capitalisation shall not exceed that of the largest unadjusted market capitalisation of any of the constituents of the Benchmark at the time of initial investment. No unquoted investments are permitted.
Important notice: This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Please refer to the FCA website which details further information in relation to sustainability disclosure requirements for retail clients.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.
- Key stats
- Growth
- Performance
- Charges & documents
- Dividends
- Portfolio
- Risk & rating
- Management
Company name
Montanaro Asset Management Limited
Fund launch date
08 Dec 2000
Domicile
Ireland
UCITS
Yes
Fund manager
Stefan Fischerfeier
Manager start date
01 Sep 2023
Fund manager biography
Stefan holds a B.A. in Business Administration from the University of Cooperative Education in Mannheim (1995) as well as a Diplom-Kaufmann (MBA equivalent) from the University of Mainz (1998). He graduated from the London Business School with an MSc in Finance (2006).
After graduating from University of Mainz he spent more than six years at Accenture in Germany, Switzerland, France, and the UK as a management consultant for European banks and asset managers. Stefan then worked as an analyst at Nordwind Capital, a Munich based private equity company, analysing the automotive industry, and as an investment consultant for a property fund in Romania assessing real estate investment opportunities in Eastern Europe.
Stefan is bilingual in German and English.
Stefan joined Montanaro in May 2007. He is both an Analyst and Fund Manager of European Smaller Companies Fund and three of our segregated mandates.
Fund manager
Alex Magni
Manager start date
01 Apr 2024
Fund manager biography
After completing his Ph. D in Engineering at Imperial College, Alex started his career at Cazenove & Co in 2000, where he joined the highly rated German Small & Midcap team as a generalist, covering a wide range of companies and industries.
In 2004, Alex helped to start an independent equity research boutique called Clear Capital, which focused on UK Small & Midcaps, and which made extensive use of primary data to gain insights into companies and industries. Alex began his coverage of the Business & Commercial Services sector while at Clear Capital.
In 2010, he joined the HSBC European Business & Commercial Services team, which became a consistent Top 5 Extel team, and ranked as high as No 2 in the 2014 Extel Survey.
Alex joined Montanaro in October 2015.
Head office
53 Threadneedle Street
London
United Kingdom
EC2R 8AR
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