Bestinvest says
Manager Mark Slater has a strong track record over a long period of time, though his performance can be volatile. The process relies heavily on companies' Price Earnings to growth ratios, a valuation tool popularised by legendary investor Jim Slater, the fund manager's father.
The investment objective of the fund is to achieve long-term capital growth, principally through investment in UK Companies.
The fund was originally called the MFM Slater Pension fund, but it was re-branded in April 2010 to reflect a sharper focus on a pure growth strategy.
The primary valuation tool utilised in portfolio selection is the price earnings to growth ratio (PEG) - companies with low PEGs are preferred. The manager also looks for:
- Sustainable and above-average earnings growth prospects;
- Strong cash flow;
- A competitive advantage – a high market share, brand name or something which adds to confidence in the growth outlook;
- A positive recent trading statement;
- An absence of heavy directors’ selling and ideally some recent directors’ buying.