Munros, an independent asset management company, is headquartered in Edinburgh Scotland which has, for more than 100 years, been recognized as a centre of excellence in the international money management business. Our philosophy, style and investment process all fully reflect our adherence to our local traditions and our commitment to a single asset class, European Smaller Companies. It is our belief that by employing a disciplined, fundamental and bottom up process operated by a uniquely experienced team of investment professionals in this asset class we can produce true investment performance. Indeed our history to date evidences such performance generation.