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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.
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Our view on this fund
is the list of what we believe are the best funds in each sector. If a fund is not
within our Wealth 50 this is not necessarily a recommendation to sell.
However, if you are thinking of adding to your investments we believe
Wealth 50 funds are superior alternatives.
View funds on the Wealth 50 »
The Fund objective is to provide a positive absolute return, net of fees, higher than 3-month £ LIBOR, or a future replacement index* independent of market conditions over a 3-year rolling period. Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be achieved over the 3-year rolling periods or in respect of any other time period. *LIBOR will be replaced by SONIA in 2021. The Fund can invest in a wide range of assets to achieve its investment objective, including shares of companies, fixed interest securities and entering into derivative transactions for investment purposes. The fund manager uses a combination of quantitative screening and fundamental analysis for security selection. Generally, for short positions, the fund manager looks for overvalued stocks where there is a specific catalyst that could lead to a de-rating of a company. For long positions, whilst the Fund is not constrained and may vary over time, it is likely to favour companies which are considered to be undervalued. The fund manager seeks to maintain a diverse portfolio of investments. Target benchmark - 3-month £ LIBOR The 3-month £ LIBOR rate is an industry standard index and is one of the leading representations of the UK Cash Deposit Markets. It is easily accessible and provides a fair reflection of the fund manager's investment universe and a good relative measure to assess performance outcomes. The Fund is actively managed. This means the fund manager is taking investment decisions with the intention of achieving the Fund's investment objective; this may include decisions regarding asset selection, regional allocation, sector views and overall level of exposure to the market. The fund manager is not in any way constrained by a benchmark in their portfolio positioning.