Bestinvest says
The manager has underperformed during his near 13 year fund management career and the fund has been much more volatile than the market as a whole. We rated the fund one star in October 2002 and currently see no reason to change our view. We believe the manager's investment process, which is largely growth focused; combining growth, value and momentum strategies is too one dimensional. We would only expect this fund to perform during market rallies or momentum led markets. However, those investors looking for long term sustainable returns from a growth style of investment could consider either AXA Framlington UK Select Opportunities or JO Hambro UK Opportunities.
The Manek Growth Fund (“the Fund”) aims to achieve long-term capital growth by investment in UK equities whilst retaining the flexibility to invest worldwide in any economic sector. The Fund’s investment policy is to combine growth, value and momentum strategies.
This is the only fund run by Manek Investments and the fund will therefore correspond with the managers overall macroeconomic views.