VT Downing Global Investors Fund

This fund was launched on the 31 March 2020. The performance shown is that of the Thornbridge Global Opportunities which Anthony ran from launch in 2004 until the end of August 2019, when the sale of the fund to Thornbridge was completed.

We have always liked the concept of the fund and since launch the fund has significantly outperformed the index. However, in the last few years the performance seems to have struggled somewhat. To provide some background the fund was originally set up with JM Finn. It was then sold to Thornbridge under a five-year deal. That deal has ended, and Anthony left and set up the same fund with Downing. There is still a connection with JM Finn, but it will be a pure Downing product in two years’ time, and Anthony sees this as a ten-year project.

One of concerns when we first met Anthony was the number of holdings, which was 200. This new strategy has 150 holdings and it is important to understand this and how this makes the fund different. This is an asset allocation model. The theory is that markets are surprisingly good at telling us what we should like, and what we should not. What Antony is doing is looking for clusters. So, for example, if airports come up then he wants to buy the best of them. Once he has identified the best of the best, at that stage, they do the bottom up analysis. And from that he builds his group of holdings….read more

Fund Facts Morningstar

Notes

Please note...

Shininglights.co.uk is not regulated by the FCA. The information is purely a guide and it is the responsibility of the investor to carry out their own research before making any final decisions. We will ensure that the information is as accurate as possible but we cannot be held accountable for any errors or omissions. No products are sold on this site, nor do we endorse any particular product or investment.

Where there are links to third party sites this is not an endorsement of that site, and we cannot be held responsible for the accuracy of the information on that site.

Where there is reference to performance you should note that past performance is purely a guide and investments can fall as well as rise.

The information on the site belongs to shininglights.co.uk and cannot be replicated or copied without our permission.