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UBS US Growth C

Bestinvest LogoInvests in US equities with growth characteristics.

PRICE (INC)

244.68p

PRICE (ACC)

244.68p

INITIAL CHARGE

0%

ANNUAL MANAGEMENT CHARGE

0.75%

ONGOING CHARGE

0.85%

YIELD

0%

1 YEAR
-5.36%

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.

This fund targets long-term capital growth primarily through investment in US equities with growth characteristics. It invests in a concentrated portfolio of large US companies, split between Elite growth (companies in a “hyper” growth phase) and Classic growth (lower, steadier growth companies that have become undervalued). Some cyclical growth stories may also be included. The manager Lawrence Kemp resigned in November 2012 and we suspended the rating pending assessment of the incoming managers.

Fund summary

SectorNorth America
StructureOEIC
LaunchedAugust 2012
Size£394m
Yield0%
Charging BasisIncome
Dividends paidAcc units only

Charges

Standard Initial Charge0%
Initial Charge Via BestInvest0%
Additional Bid/Offer Spread0%
Annual Management Charge0.75%
Ongoing Charges Figure0.85%

Investment Process

The initial universe is US-listed companies above $2.5bn in size and those in the Russell 1000 Growth index. The manager prefers companies with sustainable growth characteristics and superior return on invested capital. The portfolio has 3 parts: •Elite growth – companies with above average returns on capital and growth rates that may be undervalued by the market as they appear expensive using traditional valuation metrics. •Classic growth – mature, well researched companies that are typically fairly priced but can become undervalued during market volatility. •Cyclicals – companies achieving high growth due to the stage of the economic cycle (typically not more than 10% of the portfolio). Key to the investment process is intensive company research which concludes with specific upside and downside price targets for each stock – these are based on the analysts’ best and worst case scenarios for each company. The manager selects stocks based on maximum upside and minimal downside risk, whilst taking into account diversification targets. He has rigorous buy and sell disciplines which means that holdings are actively traded: trimming and adding to positions as stock prices move up and down within his target range.

The information on this website is not intended to be advice or a recommendation to buy, sell or hold any investment mentioned. The value of investments and the income from them can go down as well as up and you may not get back the amount invested.

Past performance is not a guide to future performance. View full risk warning