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Invest with these world-class fund managers

We believe the highest-calibre fund managers share a specific set of skills and attributes. We’ve put in hundreds of hours of research and meetings to find a small group of fund managers we believe could make an excellent choice for this year’s ISA or pension contributions.

Three funds to consider

Stewart Investors Asia
Pacific Leaders

Asia offers an array of exciting long-term opportunities; this is one of our favourite ways for investors to take advantage.

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CF Woodford Income
Focus

Run by renowned investor Neil Woodford, this fund will provide a way to tap into income produced by the stock market.

Read more

FP CRUX European
Special Situations

Europe is home to countless world-leading companies; we trust manager Richard Pease to find the best long-term prospects.

Read more


  • Stewart Investors Asia Pacific Leaders

    Fund managers

    David Gait, Sashi Reddy

    David Gait, Sashi Reddy and the team at Stewart Investors (formerly First State) have built one of the most successful stock-picking records we’ve ever seen – not only among funds investing in Asia, but anywhere in the world. Our analysis shows they have been successful in picking stocks regardless of their size, sector or location.

    Why choose Stewart Investors Asia Pacific Leaders for this year’s ISA or pension?

    • Our analysis shows Asian markets offer good value. Investing when valuations are low gives the best chance of attractive long-term returns.
    • A diverse region with plenty of opportunity in both developed and emerging economies.
    • The team at Stewart Investors have one of the best track records we’ve ever seen.

    A diverse range of opportunities at attractive valuations

    As Asia’s largest economies China and India grab the lion’s share of attention. Yet Asia offers so much more, from the developing economies of Taiwan and the Philippines, to the more-established Australia and Singapore.

    We are positive on the region’s long-term prospects. Youthful and well-educated populations, rising domestic consumption and an increasingly wealthy middle class should mean plenty of opportunities for companies to thrive. Furthermore despite some strong recent performance, stock market valuations remain depressed. This could present an opportunity for adventurous investors.

    The team at Stewart Investors are among our most highly-rated fund managers. We expect them to reward investors through strong stock selection over the long term and feel this fund represents an excellent choice for broad exposure to the Asia Pacific region.

    An exceptional track record

    Since 1988 the team have delivered annual compound growth of 14.1%, 4.2% percentage points ahead of the average fund in the sector. Since launch in 2003, their Asia Pacific Leaders Fund has delivered growth of 509%, compared to 320% for the sector average. Past performance is not a guide to future returns; the fund will fall as well as rise in value so you could get back less than you invest.

    The team focus on high-quality companies with strong balance sheets and robust cash flows, run by trustworthy management teams, which they believe can survive tougher times as well as thrive during the good times.

    This more conservative approach has helped shelter investors from the worst of any stock market falls, though as the fund invests in higher-risk emerging markets it can still be volatile.

    Important information

    Please remember that 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 information is not personal advice, if you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

    Important information

    Please remember that 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 information is not personal advice, if you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

    Career track record

    Past performance is not a guide to the future. Source: Lipper IM to 28/02/2017

    29/02/12 - 28/02/13 28/02/13 - 28/02/14 28/02/14 - 28/02/15 28/02/15 - 29/02/16 29/02/16 - 28/02/17
    Stewart Investors Asia Pacific Leaders 17.5% -9.6% 29.3% -4.6% 26.1%
    Sector average 15.1% -8.8% 16.7% -9.7% 39.6%

  • CF Woodford Income Focus

    Fund manager

    Neil Woodford

    A high income in a low income world

    Neil Woodford is one of the most successful, experienced and well-known fund managers in the UK. He began his investment career in 1981, and has a history of getting the big calls right, giving him an edge over other managers. His track record is nothing short of outstanding, and our analysis shows his success is down to his excellent stock picking ability and shrewd sector allocation.

    Why choose CF Woodford Income Focus for this year’s ISA or pension?

    • Managed by one of the finest fund managers in the UK.
    • Focused on generating a high income for investors, with the potential for income and capital to grow over the long term.
    • Exclusive deal for HL clients - ongoing charge of just 0.6% p.a. The charge to hold funds in Vantage of up to 0.45% p.a. also applies.

    A focus on income

    While Neil Woodford has historically focused on generating both income and capital growth, his new CF Woodford Income Focus Fund has a primary aim of generating a high income and growing that income over time.

    The manager will seek to provide income of 5p per share per annum once the fund is fully up and running. However, with new funds it can take time for income to build so investors will need to be patient while the income record is established. Remember there are no guarantees any specific level of dividend will be achieved.

    Neil has a good track record of generating a high and rising income. Naturally he won’t get it right every time, however, and like any manager he will experience periods where his style is out of favour and his fund underperforms.

    What can investors expect from this new fund?

    To deliver a high income Neil Woodford will invest in a portfolio of around 50 larger, predominantly UK-based companies. This is relatively concentrated and allows each investment to contribute significantly to performance, but it is higher risk. He also has the flexibility to invest in companies of all sizes, including higher risk smaller companies. Like all stock market investments it will fall as well as rise in value, investors could make a loss. The fund’s charges will be taken from capital which increases the yield but reduces the potential for capital growth.

    The companies he targets will be financially strong with the ability to pay, and importantly to sustain, high dividends. He tends to invest when they are out-of-favour and other investors are interested in companies perceived to be more exciting. In recent years he has found plenty of opportunities in healthcare and tobacco companies, while he has tended to avoid the oil, banking and mining sectors. We anticipate similar biases in the new fund.

    Our view

    We consider Neil Woodford to be one of the finest fund managers of his generation. We had no hesitation adding this fund to the Wealth 150+ list of our favourite funds, and believe it merits serious consideration for those who need income from their investments.

    Important information

    Please remember that 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 information is not personal advice, if you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

    Important information

    Please remember that 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 information is not personal advice, if you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

    Career track record

    Past performance is not a guide to the future. Source: Lipper IM to 31/01/2017


  • FP CRUX European Special Situations

    Fund manager

    Richard Pease

    The root of Richard Pease’s success is his relentless desire to find great European businesses. He has built a 27-year career on great stock picking and his approach hasn’t changed throughout. He simply seeks those companies he believes have the best long-term prospects, regardless of wider economic conditions.

    Why choose FP CRUX European Special Situations for this year’s ISA or pension?

    • Richard Pease has a formidable 27-year track record of selecting great European businesses.
    • Europe has its fair share of problems, but the continent is home to many global success stories.
    • Our analysis suggests European stock markets continue to represent good value. Investing when valuations are low gives the best chance of attractive long-term returns.

    Barriers to entry mean pricing power

    Europe has its fair share of problems, but the continent is home to many global success stories that are thriving despite the economic malaise.

    Many of Richard Pease’s holdings operate in niche areas with high barriers to entry. This means they usually enjoy pricing power – the ability to raise prices without adversely affecting demand for their products. Many generate significant overseas earnings, which means they have the potential to propser regardless of the strength or otherwise of their home economy. He invests in businesses of all sizes, including higher risk smaller companies.

    The FP CRUX European Special Situations Fund is a concentrated portfolio of around 60 of Richard Pease’s best ideas. This allows each investment to make a meaningful contribution to performance, though it also increases risk.

    An exemplary track record in Europe

    Since 1990 Richard Pease has delivered annual compound growth of 14.2%, 5.7% per year ahead of the average fund in the IA Europe ex UK sector. This fund has delivered growth of 133.1% since launch in October 2009, compared with 79.9% for the sector average. Past performance is not a guide to future returns; the fund will fall as well as rise in value so you could get back less than you invest.

    Our analysis suggests European stock markets continue to represent good value. Combined with a manager with an exemplary track record in managing European equities, we feel this fund is worth a closer look and remain excited about its long-term prospects.

    Important information

    Please remember that 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 information is not personal advice, if you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

    Important information

    Please remember that 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 information is not personal advice, if you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

    Career track record

    Past performance is not a guide to the future. Source: Lipper IM to 28/02/2017

    29/02/12 - 28/02/13 28/02/13 - 28/02/14 28/02/14 - 28/02/15 28/02/15 - 29/02/16 29/02/16 - 28/02/17
    FP CRUX European Special Situations 24.3% 9.9% 8.3% 3.0% 25.0%
    Sector average 18.5% 15.9% 3.6% -1.4% 23.5%


A portfolio of the world’s best investors

For those who would rather leave selecting the best fund managers to our experts, the HL Multi-Manager Special Situations Trust could be worth a closer look.

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The idea is simple – a diversified selection of the most talented fund managers, regardless of where they invest.

Roger Clark and Lee Gardhouse meet hundreds of fund managers each year, and use sophisticated quantitative analysis to identify those who can consistently deliver exceptional returns for investors. The net is cast far and wide, but the bar is set high and few make the grade. Neil Woodford, Richard Pease and the Stewart Investors team all feature.

The managers have identified great stock pickers across a variety of markets, meaning the fund includes exposure to smaller companies and emerging markets, both of which are higher risk. Like all stock market investments it will rise and fall in value so investors could make a loss.

Their rigorous approach has reaped rewards for investors. Since launch in April 2001, the HL Multi-Manager Special Situations Trust has risen 235.2% compared with 144.4%* for the average fund in the IA Global sector. Past performance is not a guide to future returns.

Investors have the peace of mind knowing that our team take care of the the day-to-day management; we believe the results more than justify the extra costs involved. We view this fund as a superb choice for those looking for exposure to a global portfolio of the world’s best fund managers.

Lee Gardhouse

Important information

Please remember that 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 information is not personal advice, if you are unsure of the suitability of your investment please seek advice. Tax rules can change and the value of any benefits depends on individual circumstances.

29/02/12 - 28/02/13 28/02/13 - 28/02/14 28/02/14 - 28/02/15 28/02/15 - 29/02/16 29/02/16 - 28/02/17
HL Multi-Manager Special Situations 14.2% 12.2% 10.1% -0.1% 26.6%
IA Global Sector 12.6% 9.5% 12.1% -2.5% 31.9%

Past performance is not a guide to the future. *Source: Lipper IM to 28/02/2017

The fund is run by our sister company, HL Fund Managers Ltd.

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View Key Features

Stewart Investors Asia Pacific Leaders

Important: Investments can go down in value as well as up, so you might get back less than you invest. The value of tax savings will depend on your circumstances and tax rules can change over time. If you are unsure of the suitability of any investment for your circumstances please contact us for advice. Once held in a SIPP money is not usually accessible until age 55 (rising to 57 in 2028).

Please read the Vantage Key Features, Terms & Conditions and Fund Key Investor Information Document.

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Stocks & Shares ISA

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  • Invest with a financially secure, FTSE 100 company

The maximum you can invest into an ISA in this tax year 2017/2018 is £20,000. Tax rules can change and the value of any benefits depends on individual circumstances.

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SIPP (Self Invested Personal Pension)

  • Award-winning pension with wide investment choice.
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  • Invest outside an ISA or pension with no investment limits.
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CF Woodford Income Focus Fund

Important: Investments can go down in value as well as up, so you might get back less than you invest. The value of tax savings will depend on your circumstances and tax rules can change over time. If you are unsure of the suitability of any investment for your circumstances please contact us for advice. Once held in a SIPP money is not usually accessible until age 55 (rising to 57 in 2028).

Please read the Vantage Key Features, Terms & Conditions and Fund Key Investor Information Document.

Choose a unit type Choose a fund type

Open and invest in a new account

Stocks & Shares ISA

  • Save tax - no capital gains tax and no further UK tax to pay on income from your investments
  • Access your money at any time
  • Invest with a financially secure, FTSE 100 company

The maximum you can invest into an ISA in this tax year 2017/2018 is £20,000. Tax rules can change and the value of any benefits depends on individual circumstances.

Invest in an ISA

SIPP (Self Invested Personal Pension)

  • Award-winning pension with wide investment choice.
Invest in a SIPP

Fund & Share Account

  • Invest outside an ISA or pension with no investment limits.
Invest in an account

Not sure which account to choose?

Invest in an existing account

You can place a deal online now or top up an existing account first, using your debit card.

FP CRUX European Special Situations

Important: Investments can go down in value as well as up, so you might get back less than you invest. The value of tax savings will depend on your circumstances and tax rules can change over time. If you are unsure of the suitability of any investment for your circumstances please contact us for advice. Once held in a SIPP money is not usually accessible until age 55 (rising to 57 in 2028).

Please read the Vantage Key Features, Terms & Conditions and Fund Key Investor Information Document.

Choose a unit type Choose a fund type

Open and invest in a new account

Stocks & Shares ISA

  • Save tax - no capital gains tax and no further UK tax to pay on income from your investments
  • Access your money at any time
  • Invest with a financially secure, FTSE 100 company

The maximum you can invest into an ISA in this tax year 2017/2018 is £20,000. Tax rules can change and the value of any benefits depends on individual circumstances.

Invest in an ISA

SIPP (Self Invested Personal Pension)

  • Award-winning pension with wide investment choice.
Invest in a SIPP

Fund & Share Account

  • Invest outside an ISA or pension with no investment limits.
Invest in an account

Not sure which account to choose?

Invest in an existing account

You can place a deal online now or top up an existing account first, using your debit card.

HL Multi-Manager Special Situations Trust

Important: Investments can go down in value as well as up, so you might get back less than you invest. The value of tax savings will depend on your circumstances and tax rules can change over time. If you are unsure of the suitability of any investment for your circumstances please contact us for advice. Once held in a SIPP money is not usually accessible until age 55 (rising to 57 in 2028).

Please read the Vantage Key Features, Terms & Conditions and Fund Key Features.

Choose a unit type Choose a fund type

Open and invest in a new account

Stocks & Shares ISA

  • Save tax - no capital gains tax and no further UK tax to pay on income from your investments
  • Access your money at any time
  • Invest with a financially secure, FTSE 100 company

The maximum you can invest into an ISA in this tax year 2017/2018 is £20,000. Tax rules can change and the value of any benefits depends on individual circumstances.

Invest in an ISA

SIPP (Self Invested Personal Pension)

  • Award-winning pension with wide investment choice.
Invest in a SIPP

Fund & Share Account

  • Invest outside an ISA or pension with no investment limits.
Invest in an account

Not sure which account to choose?

Invest in an existing account

You can place a deal online now or top up an existing account first, using your debit card.