By MARCEL PORCHERON 10/10/2006
A UK equity income mandate, manager Karen Robertson's strategy is to buy cheap companies on good yields. Robertson aims to have about 25% of stocks held yielding above market (this is currently near 50%), but will also hold some growth style companies. An overweight to large caps should benefit Robertson relative to peers if the biggest companies outperform. Analysis indicates that the stocks held in Robertson's portfolio have overall shown good price momentum over the short and medium term. Robertson feeds off Standard Life's in-house system, Matrix, which is used for idea generation. Matrix is a weighted value, growth and momentum screen which seeks to identify change ahead of consensus.
Awarded 4 stars