This was our first introduction to the strategy. Just looking at the high-level data the fund has a high upside capture and strong downside capture. We can see this both in 2018 and 2020. The manager also has a strong batting average which again supports the outperformance. However, there is greater volatility with this strategy which investors need to accept but at the same time they are currently being rewarded for this level of volatility.
The fund invests in companies with a market cap of between £35 million and £3000 million. They have 76 equity holdings, but they are looking to reduce this down. They look to invest in those companies which can sustain growth whatever is happening around. Macro does play a part, and with the UK there is the added pressures of the pandemic and Brexit, but from a bottom up perspective they include companies that are focused on the broader long-term themes….read more