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ASI UK Value Equity Fund Inclusive - Class R - Accumulation (GBP)

Sell:278.20p Buy:278.20p Change: 1.20p (0.43%)
Prices as at 22 October 2021
Change: 1.20p (0.43%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 22 October 2021
Change: 1.20p (0.43%)
Prices as at 22 October 2021
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

We think this fund is a more adventurous way to invest in the UK stock market.

Wesley McCoy is the fund's lead manager, though he also has the support of Standard Life's UK equity team. The "unconstrained" approach means they invest in companies of any size. They also invest in a fairly small number of their best ideas. This, combined with investments in smaller companies, makes this fund higher risk.

Our view on the sector

The UK stock market is home to lots of world-class companies. From international giants to a diverse array of smaller businesses. This provides a rich hunting ground for fund managers in this sector. They all try to grow investors' money over the long term, but each goes about it in a different way. Some focus on larger companies in the FTSE 100 index, others invest in medium-sized or smaller companies, and some have the flexibility to invest in any company, regardless of size. Some aim to match or deliver a return similar to the broader UK stock market. Others have the freedom to try and make as much money as possible for investors and take more risks. That could mean investing in only a small number of companies, for instance. A fund that invests in UK shares is normally the first port of call for UK-based investors. But with such a variety on offer, investors should make sure a fund is right for their circumstances before investing.

Performance Analysis

The fund's performed well over the longer term, but there have been some shorter-term periods of weaker performance. It's also tended to be much more volatile than others in the same sector. We'd expect the fund to perform better than the broad UK stock market when it's rising, but fall to a greater extent when it falls.

Investment Philosophy

The team look for companies that've been through a difficult time, but are going through a period of change for the better. If they're right, the company's share price could rise once this change is recognised by other investors.

Process and Portfolio Construction

Wesley McCoy and his team use a system that looks for companies that meet their investment checklist. They like companies that are improving their earnings, for example. These businesses should also be going through a change, which could help them perform better in future. The idea is to find companies with growth prospects that other investors haven't noticed yet. They also meet lots of companies face-to-face to support this analysis.

The team invest across small, medium-sized and larger companies, often in sectors that tend to do better when the economy is growing strongly. They can also use derivatives, which increases risk.

question mark Manager Track Record Based on HL Quantitative Research

  • ASI UK Unconstrained Equity...
  • IA UK All Companies

Fund Track Record

22/10/16 to 22/10/17 22/10/17 to 22/10/18 22/10/18 to 22/10/19 22/10/19 to 22/10/20 22/10/20 to 22/10/21
Annual return 24.40% -7.49% -0.48% -24.23% 60.62%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Fund Management Group Comment

Standard Life, headquartered in Edinburgh and a member of the FTSE 100 index, was established in 1825, and is a provider of long term savings and investments. In the 1990s the group sought to diversify its operations into areas to complement its core life assurance and pensions business. Standard Life Investments began to offer retail investment products to investors in 1995 with the launch of its mutual fund range, and now spans equities, bonds, real estate, multi-asset and absolute return.

While Standard Life has traditionally been well known for its fixed interest funds, it is now gaining recognition for its range of equity and absolute return funds.

Information about the fund

Fund manager biography

manager photo
Manager Name: Wesley McCoy
Manager start date: 23 June 2015
Manager located in: London

Born in 1978, Wesley McCoy obtained a BA Honours in Business Economics from the University of Durham. Wesley joined Standard Life Investments in 1999 after graduating from Durham University as an investment analyst. In January 2005, he was appointed fund manager of the Growth and Income Fund and went on to become portfolio manager from launch of the UK Equity Unconstrained Fund in September 2005. Wesley's UK Equity Unconstrained Fund's investment process combines allocation, stock selection, portfolio construction, risk management and dealing. It is research intensive and is built around a focus on changes in investment philosophy. Wesley is a Chartered Financial Analyst.

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account