TM CRUX UK Opportunities Class F - Income (GBP)
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 »
Julie Dean will step down as manager of the TM Sanditon UK Fund, and Sanditon's funds will be transferred to CRUX at the end of November 2019, subject to regulatory approval. At this point Sanditon Asset Management will close down its business. This is because Sanditon has struggled to grow assets in recent years, and the group feels it's in the best interests of investors to transfer the assets to another asset manager that's grown to a more sustainable size.
Jamie Ward will take over management of the fund and it'll be renamed as TM CRUX UK Opportunities. There will be differences in the way the fund is managed, so it'll eventually look different to the way it's currently invested. Existing investors should consider whether the fund continues to meet their objectives.
The fund doesn't currently feature on the Wealth 50 list of our favourite funds, as we have greater conviction in other managers in the IA UK All Companies sector.