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Old Mutual UK Dynamic Equity - removed from the Wealth 150

Kate Marshall | Wed 17 May 2017

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

The Old Mutual UK Dynamic Equity Fund has been removed from the Wealth 150 list of our favourite funds for new investment.

When the fund launched in July 2009 the number of shares the fund could issue was capped. Old Mutual believed if the fund grew too big it would compromise the manager’s investment approach and ultimately affect performance. The fund previously reached the cap on shares in issue in 2013 and as a result it was removed from the Wealth 150.

We secured extra capacity in the fund in 2014, at which point we also negotiated a lower ongoing fund charge exclusively for Hargreaves Lansdown clients, and the fund was added back to the Wealth 150. The fund has since reached full capacity and we have removed the fund from the list once more.

We continue to believe Luke Kerr, the fund’s manager, and the UK equities team at Old Mutual are of a high calibre and we are impressed with the fund’s long-term performance. Since launch it has grown 346.1%* compared with 239.2% for its benchmark, the FTSE 250 (ex. ITs) Index, and 145.2% for the average fund in the IA UK All Companies sector . Please remember past performance is not a guide to future returns.

Annual Percentage Growth
April 12 -
April 13
April 13 -
April 14
April 14 -
April 15
April 15 -
April 16
April 16 -
April 17
Old Mutual UK Dynamic Equity 27.0 23.4 15.4 5.8 34.2
FTSE 250 (ex ITs) 27.3 18.2 13.2 -1.4 18.9
IA UK All Companies 17.9 13.7 7.7 -3.7 19.1

Past performance is not a guide to the future. Source: Lipper IM to 30/04/2017

While it is disappointing when quality funds close to new investment we view the restriction of inflows as a positive for existing investors. We do not believe investors need to take any action provided the fund still meets their objectives. There are no restrictions placed on investors who wish to sell shares in the fund. We will keep investors up to date with any developments and contact investors if the situation or our views change.

Our favourite UK growth funds for new investment currently feature on the Wealth 150+.

Old Mutual UK Dynamic Equity Key Investor Information Document

Important information - Please remember the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. This article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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