This fund has a good reputation with a strong management team. The manager started the update by explaining that performance had been strong in the first eight months of the year. It then had a poor September and October. As he added, if there is any silver lining the fund is ahead of the index although he is disappointed that all the hard work has been undone in two months.
The aim of the fund is to be resilient in all trading periods, however, in the last couple of months the fund has been in the eye of the storm. The fund aims to sit between value orientated and defensive stocks. It also has a higher exposure to mid and smaller cap stocks. In September and October there was a rotation out of growth and it meant these stocks were hit hardest as were small and mid-cap companies….read more