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Neptune European Opportunities - fund manager change

Kate Marshall | Tue 18 December 2018

Investments can go down as well as up so there is always a danger that you could get back less than you invest. Nothing here is personalised advice, if unsure you should seek advice.

Rob Burnett will stop managing the Neptune European Opportunities Fund at the end of this year. He’s leaving the company to set up his own business.

Thomas Smith will take over the fund and work closely with Burnett until he leaves. But he’ll use a different investment approach to the one used by Burnett.

He currently applies this approach to the Neptune Latin America Fund, which he’s managed since 2011. He looks for companies across three broad categories:

  • Structural growth: Companies with high and sustainable growth prospects. They usually have something unique about them, such as a well-known brand, which can help keep competitors at bay.
  • Economic recovery: Companies that have generally been through a tough patch, but are expected to improve. Their success is sometimes dependent on the health of the broader economy.
  • Special Situations: Companies going through a change, such as a new management team or a better strategy, which could see them perform better in future.

The fund invests in a relatively small number of companies, which can increase risk.

Smith has built a good track record on the Latin America Fund so far. But he doesn’t have any experience managing a fund focused specifically on Europe. Latin America is a very different market, and we think it takes a different skillset. So we’re sceptical he can adapt so quickly to running a European fund. Past performance isn’t a guide to future returns.

There are plenty of other great fund managers in the Europe sector with much longer and successful track records. We prefer to back those with years of experience investing in this market. Our favourites feature on the Wealth 150+.

Please read the Key Features / Key Investor Information in addition to the information above.

Find out more about this fund including charges

Important information - Please remember 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 article is provided to help you make your own investment decisions, it is not advice. If you are unsure of the suitability of an investment for your circumstances please seek advice. No news or research item is a personal recommendation to deal.


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