Unicorn Outstanding British Companies Class B - Accumulation (GBP)
Our view on this Fund
This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.
Chris Hutchinson is a proven, experienced investor with an investment process that's stood the test of time. He's got the backing of the broader Unicorn team, and of co-manager Max Ormiston. The fund is quite small in comparison to some of its peers which means the managers can pounce on new opportunities as soon as they become available.
They'll invest in companies of any size but the fund is focused towards small and medium-sized companies. The managers tend to invest in relatively few companies. Both of these factors add risk.
The fund also invests in companies listed on the Alternative Investment Market (AIM). In recent years, there have been suggestions that the government could cut some of the tax benefits that investors in these companies currently enjoy. Thus far, no such change has been introduced, but the share prices of some AIM-listed companies could suffer if investors' tax breaks are cut in the future. We're encouraged that the managers' investments in this area have made great returns for investors over the years and it's a market they know well. But investments in AIM-listed companies add risk.
Overall we think this fund could be a great addition to the UK section of a portfolio and expect it to do well over the long term. There are no guarantees though.