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ALICO CF MIDAS BALANCED GROWTH PF - Fund overview

Bestinvest rating 1 stars


Overview of ALICO CF MIDAS BALANCED GROWTH PF

The objective of the fund is to provide capital growth mainly through exposure to equities, without taking undue risk. This is potentially a one-stop product for investors, which sets itself apart by the inclusion of third party specialist managers and alternative asset classes. Simon Edwards the manager from launch in 2002 resigned on 30th June 2011 and the co-manager Simon Callow took over the management. This prompted us to downgrade this from 2 stars to 1 star.

Standard Initial Charge

No data available.

Fund summary

Sector  –
Product type  PENSION FUND
Launched  May, 2005
Size  £3m
Yield 0.0%
Charging basis  –
Dividends paid  –
Bid price 126.10p

Fund Charges

Standard Initial charge
Initial charge via Bestinvest
Additional bid/offer spread 4.97%
Annual management charge 1.00%
Total expense ratio 1.00%
Reduction in yield (10yr) 1.50%

Bestinvest says


Simon Edwards the manager from launch in 2002 resigned on 30th June 2011 and the co-manager Simon Callow took over the management. This prompted us to downgrade this from 2 stars to 1 star.

Portfolio

alico cf midas balanced growth pf asset allocation illustration
Allocation Proportion
Equity 69%
High yield bonds 3%
Quality bonds 12%
Property 5%
Commodities 4%
Hedge 6%
Fund cash 1%
alico cf midas balanced growth pf equity geographic illustration
Allocation Proportion
UK 60%
Europe 20%
Nth America 8%
Japan 5%
Pacific 5%
Other Equity 2%
alico cf midas balanced growth pf equity capitalisation illustration
Allocation Proportion
Large Caps 60%
Mid Caps 20%
Small Caps 20%

Investment process


The fund is initially structured using a top down approach and subsequently a sector overlay. The equity element of the portfolio is complemented by a smaller spread of investments in Fixed Income, Property, Structured Products, Commodities, Venture Capital and Hedge Funds, with the aim of reducing volatility, providing diversification and introducing an element of total return into the portfolio. The diversification is intended to help the portfolio to outperform in down markets, whilst in rising markets the management rely on astute asset and sector calls to at least maintain pace with market movements.
The fund is built around a core of direct holdings in FTSE 350 equities, gilts and investment grade debt securities. Exposure to other assets classes will normally be via open ended and closed collective investment products.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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