Bestinvest says
No information available.
This funds aims to achieve long term capital growth from a portfolio of Continental European and UK equities.
The manager adopts a contrarian approach with the emphasis on smaller and medium-sized companies but one third of the portfolio is held in market leaders to improve liquidity and to reduce volatility. The stock-driven nature of management implies that the asset and sector allocation is largely incidental and stock holding size also ignores index weights.
Most stocks held are normally trading on below average ratings, and are often companies where the manager believes that the market has undervalued their growth potential. This might include companies which are undergoing restructuring, or companies which are unfashionable. The manager will also look to exploit industry anomalies, whereby companies in one country are cheaply valued compared to similar companies in other countries.
The fund manager tends to adopt long term themes; notable long standing favourites include banks (mainly in France) leisure and tourism, media and telecommunications.