For fund managers, managing UK funds is very competitive. Ultimately every manager will say they are different but it comes down to the performance. This is not a bad fund and has shown that it can and does outperform the index. Over 1 year it was 35 out of 250 funds, over 3 years 32nd, and over 5 years 16th. There are better funds but performance shifts and they can quickly move to the top or bottom. What this fund seems to offer is consistency and this may appeal to potential investors.
We started the discussion by looking at the UK. The manager explained that the UK is an interesting area for investment. It is the most hated asset class and there are good reasons for this. The economy is growing slower than countries like Italy, consumers feel under pressure and then we are faced with the uncertainty of BREXIT. There are concerns about the political state of the UK as well, with the fear of a Corbyn government placing a dark cloud over the country…read more