Pan-European SMIDs – Best Ideas

Deutsche Bank presents its Pan-European SMID Best Ideas model portfolio, an equally-weighted portfolio of European small and mid-cap stocks with a maximum market cap of EUR10bn, updated four times a year and benchmarked against the STOXX Europe Small 200 (pan-European ex-UK) and the FTSE 250 ex-IT (UK). As of October 2026, the pan-European ex-UK portfolio has outperformed the benchmark by 5.9pp since initiation in July 2022, but underperformed by 13.5pp since the last rebalancing in July 2026. The UK portfolio outperformed its benchmark by 5.0pp over the past three months but has underperformed the FTSE 250 ex-IT by 15.4pp since initiation in July 2024. For the next edition, the pan-European ex-UK portfolio removes flatexDEGIRO and PVA TePla and adds JOST Werke, Redcare Pharmacy and SUSS MicroTec;