The Fund aims to provide a high and increasing monthly income together with long term capital growth by investing primarily in shares of UK companies and sterling denominated fixed interest securities. The Fund has charges deducted from capital. Whilst this increases the income paid, it will also reduce the potential for capital growth.
The philosophy for the Fund is based on a distinct and contrarian strategy, which focuses on buying undervalued stocks where the portfolio manager, Tim Rees, sees recovery prospects. As a result, the Fund aims to be highly competitive by not limiting its strategy to risky markets. The value of investments and any income from them will fluctuate (this may partly be due to exchange rate changes) and investors may not get back the amount invested.
We believe in making stock decisions for the Fund based on our fundamental analysis and, unlike similar funds that are heavily biased towards mid and small cap companies, we focus on large cap stocks with superior liquidity and scalability benefits. We believe in selecting stocks according to strong conviction rather than simply aiming to remove any perceived risk of not holding stocks in the benchmark. Within fixed income, the Fund only holds high quality debt.
The Fund follows a long-term approach, seeking to hold stocks that will outperform over two to three years.
Further information on the terms used above can be found in our Investment Glossary
Fund Ratings
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