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TM Sanditon European fund - New rating

his fund’s objective is to achieve capital growth. It will seek to achieve returns that are 2% p.a. in excess of the FTSE World Europe ex-UK Index over a rolling three year period, though there is no guarantee that it will do so. The portfolio will consist principally of listed equity securities, issued by companies established or operating in Europe (excluding the UK). The investment manager implements a long-only strategy in management of the fund, adopting the firm’s business-cycle approach.

We know the fund’s manager, Chris Rice, from his time at HSBC, which he joined in 1997 to manage European equity funds. He then moved to Cazenove in 2002 with the same mandate, and both of these houses were rated four stars by us under Rice. We have conviction in him as a skilful stock picker with Sanditon.

Sanditon is a boutique investment management firm that Rice set up in 2014 with three other partners, following his departure from Cazenove in July 2013 shortly after Cazenove’s acquisition by Schroders was announced in March that year. As always, we follow the manager and not the fund, and we believe Rice is a highly competent manager of European and UK equities with over 20 years of investment experience and a strong track record. Our track record on the manager goes back to 1999, when Rice was at HSBC.

Tilney Bestinvest has assigned a three star rating to the TM Sanditon European fund launched in September 2014. This fund will appear on our top-rated funds list.

Funds may carry different levels of risk depending on the industry sector(s) in which they invest. You should ensure that you understand the nature of any fund before you invest in it. Any yields quoted cannot be considered reliable indicators of future returns.