Standard Life UK Equity Recovery Fund

This was our first introduction to the fund. We started by discussing the UK and Andrew felt that the attraction of the UK is the fact that it is universally disliked, and this opens up opportunities. There is so much conjecture over the outcome of Brexit and the reality is that the economy will adapt and find a way to work around whatever the outcome.

His approach is unconstrained deep value; this means he likes to invest in those stocks which everyone hates. The process is about looking at a company and working out what it is worth and then buying on the way down so effectively buying as the price falls. When the up turn comes then they can look to sell. A good example of this is Accrol who make toilet rolls; he started buying at 50p and as low as 7p. The current share price is 25p and the stock has made money for the fund….read more

Fund Facts Morningstar

Notes

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