The Growth UK & Europe Fund's objective is to generate capital growth over a period exceeding five years. The Fund invests predominantly in listed UK & European smaller companies.
The Fund is designed to grow capital by investing in a small number of growth companies, where we consider value is greatest and the opportunity of earnings growth is high.
We intend to invest mostly in listed UK and European smaller companies, whose potential we do not consider to be fully realised by the market.
By smaller companies, we mean companies we determine have a small Market Capitalisation (the total value of the company’s shares on issue) relative to the exchange that they are listed on.
5+ years
As at 31 May 2025
1.8%
8.0% p.a.
As at
$-.--
This Fund has a 5 out of 7 risk rating.
Cumulative return since inception
Past performance is not a guarantee of future returns. All figures are calculated after fees and before any applicable tax.
Portfolio Manager - Growth UK & Europe Fund & Co-Portfolio Manager - Property & Infrastructure Fund(MSC HONS)
Toby is responsible for researching and conducting detailed analysis on British, European and global companies.
He is the Portfolio Manager for the Growth UK & Europe Fund and Co-Portfolio Manager for the Property & Infrastructure Fund.
Prior to joining Pie in 2019, Toby worked in equity sales with a focus on selling European small and mid cap equities into the London investment community. Toby has 15 years’ experience working at Berenberg, Morgan Stanley and, most recently, Hauck & Aufhaeuser.
Toby holds a MSc in History (Hons) from Edinburgh University.
Toby is a shareholder of Pie Funds.
Founder and Chief Investment Officer (NZ)(BSS, NZX DIP)
Mike is the Founder and CIO of Pie Funds, as well as Chairman of the Investment Committee. As CIO, he focuses on investment decisions and ensuring Pie’s investment strategy continues to be implemented successfully. Mike is also the Portfolio Manager for a number of Pie's products.
Prior to starting Pie Funds in 2007, he worked in a variety of roles in the financial industry both here and in the UK, including as a banking analyst for HBOS and an equities dealer for ABN Amro. Having purchased his first shares at the age of eighteen, Mike went on to grow his own personal portfolio and then that of friends and family, before starting Pie Funds about ten years later.
Mike is a substantial shareholder of Pie Funds.
Email: [email protected]