Merian UK Equity A

Actively managed large Cap fund run on an quant basis.

  • 0.00p Price (Inc)
  • 0.00p Price (Acc)
  • 4.00% 0.00% Initial charge
  • 1.65% Annual management charge
  • 1.65% Ongoing charges
  • 0.00% Yield

Fund data last updated 25 June 2003

An actively managed, more focused Uk equity fund with a bias to Uk larger companies. Stock selection focuses on undervalued quality franchises, companies that stand to benefit from internal change / self help and higher growth opportunities. Over the cycle the portfolio is generally split a 1/3 in each of these styles, although at anyone point the allocation may swing between 20-40%.

Fund summary

Sector UK All Companies
Structure X-OEIC
Launched March, 1986
Size £135m
Yield 0.00%
Charging basis
Dividends paid 31 Dec

Charges

Standard initial charge 4.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 1.65%
Ongoing charges figure 1.65%

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Investment process

The fund's objective is to achieve long term capital appreciation by the active management of the portfolio which invests in a broad range of UK equities.

Manager research

Average monthly relative returns

  • 14/15 -0.16%
  • 15/16 -0.40%
  • 16/17 0.27%
  • 17/18 0.00%
  • 18/19 -0.16%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.18%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 99.70%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Richard Buxton

Buxton joined Old Mutual in June 2013 as head of UK equities and became chief executive in July 2015. He has a degree in English from Oxford University and began his investment career in 1985 with Brown Shipley Asset Management as a fixed income and equity investment manager. He moved to GRE Asset Management in 1989 as a UK equity manager. In 1990 he joined Baring Asset Management as a UK equity manager. He moved to Schroders in September 2001 to run the specialist UK equity team and became its head of UK equities in 2003.

Track record

Richard Buxton has 22.9 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.18%. During the worst period of relative performance (from July 2007 - January 2009) there was a decline of 15% relative to the index. The worst absolute loss has been 46%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Periods of worst performance

Absolute -46.00% (October 2007 - February 2009)
Relative -15.00% (July 2007 - January 2009)

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

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Top 10 holdings

Data accurate as at 31 May 2019

5.7% Bp
5.7% Royal Dutch Shell
5.2% Astrazeneca Plc
5.2% Glaxosmithkline
5.1% Hsbc Hldgs
4.7% Tesco
4% British American Tobacco
3.4% Prudential Plc
3.3% Smith & Nephew
3.2% Rio Tinto
Source: Trustnet

Sector breakdown

Financials 24.00%
Consumer Services 15.00%
Health Care 14.00%
Industrials 13.00%
Consumer Goods 12.00%
Oil & Gas 11.00%
Basic Materials 5.00%
Telecommunications 5.00%
Money Market 1.00%

Portfolio

Apart from large companies stocks weights are typically 1.5-2.5%.

Key Investor Information - Income

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Key Investor Information - Accumulation

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