Growth-oriented mid and small cap equity fund with some short positions.
Prices as at 10 Aug 2022.
We don’t currently provide commentary on this fund.
Past performance is not an indication of future performance.
Capital at risk.
|Sector||UK All Companies|
|Dividends paid||31 Jul|
|Standard Initial Charge||0%|
|Initial Charge Via BestInvest||0%|
|Additional Bid/Offer Spread||0%|
|Annual Management Charge||1%|
|Ongoing Charges Figure||1.09%|
Stocks are selected entirely from those bought elsewhere on the UK mid and small cap team and will consist predominantly of medium and small-sized UK companies, though some FTSE 100 companies may also feature. The bulk of the portfolio will be in traditional “long” positions (buying equities the manager expects to rise in price). However, the manager also takes some short positions, which give negative exposure to shares he believes are overvalued, enabling him to benefit from falling share prices. With the long positions the manager looks for companies that have 1) Potential for above average growth, 2) Potential for profit upgrades and 3) Potential for re-rating. These criteria are reversed when looking for short positions. The process also includes top-down analysis, which is aimed at identifying sectors and styles that are likely to outperform and underperform the market - this helps set the overall balance of the portfolio. Shorting can be used more generally when the market is overvalued – combined with the use of cash this can reduce market exposure to as low as 30%.
Past performance is not a guide to future performance. View full risk warning