This is a new fund launched in 2017. The Fund Manager previously worked at Neptune (which has now been taken over by Liontrust). The primary aim of the fund is to outperform the S&P 500 Index and be different in terms of investment process and the stocks they own.
The fund is split between core positions which are long term holdings and short-term tactical positions. Felix believes this enables him to be flexible as markets change, and achieve the outperformance he aims to deliver.
In terms of markets he believes we are moving into a period of slowing growth and accelerating inflation. He has moved the core holdings from growth to cyclical value and this in the short term has hurt performance. The fund is positioned to avoid those stocks which will perform badly in an inflationary environment; it is currently overweight utilities, tech and energy, and underweight financials, materials and consumer staples….read more