Bestinvest says
No information available.
Whilst the aim of this fund is to be broadly market neutral, net long or short positions can be taken at the market cap, sector and regional level with the intention that the aggregate of these positions is close to market neutral. Approximately 30-70% of the portfolio is expected to be through pairs trades within sectors. The fund adopts a volatiltiy target with the aim of achieving approximately double digit returns, leverage maybe applied by the manager with the aim of achieving his volatility objective. The fund is available in £,$ and euro hedged share classes. SmartGARP is a four factor model that ranks shares according to their prospective returns, the process is has been applied to a long version of this fund since 2003.