Fund Objective

The aim of the Fund is to achieve long-term capital appreciation and generate an above average dividend yield which will grow over time.

View on Past Performance

Clear evidence of the global nature of the economic downturn - emerging markets, in some instance, are slowing more than some developed markets - came to the fore in October.This coincided with rising expectations of a sharp fall in the ROE and earnings base of the market, aggressive deleveraging by investors (specifically in the hedge fund segment) and a material dislocation in all asset prices. In the UK, the FTSE All Share Total Return Index fell 13.79% in sterling terms. The Fund, by comparison, was down 12.34%, outpacing the index by around 140 basis points.

Fund Details