Cazenove UK Absolute Target Fund- New Rating
Tim Russell will manage the fund, taking advantage of the UCITS III regulations to use derivatives to protect the portfolio from falling share prices. He is able to take 'short' positions in stocks that he expects to underperform as well as 'long' positions in stocks that appear undervalued. The fund will normally be managed as market neutral (i.e. equity allocation of zero) however at certain times of the business cycle the manager retains the right to increase the equity exposure to 50% net long. The fund has been awarded 3 stars.
Market latest
|
Index
|
Points
|
+/-
|
| FTSE 100 |
5903.02 |
0.22%
|
| FTSE 250 |
11193.00 |
0.01%
|
| FTSE All Share |
3047.17 |
0.18%
|
| FTSE Euro 100 |
2253.22 |
0.57%
|
| S&P 500 |
1347.05 |
0.20%
|
| Nasdaq |
2904.08 |
0.07%
|
| Hang Seng |
20699.19 |
0.05%
|
| Nikkei 225 |
9015.59 |
1.10%
|
Values delayed by at least 15 minutes.
Source: Financial Express