By STEPHEN MARRIOTT 13/06/2008
John Wood is a fundamental investor who backs companies with sustainable business models and high returns on capital. This has led to consistent outperformance and an above average ability to protect returns during market weakness.
The fund should be considered as core for UK exposure although investors should note that that the portfolio is concentrated (typically 30-40 stocks) and the manager’s style is traditional growth, which means it may underperform in value or momentum led markets. Three stars have been awarded.