MPFS Managed Growth Acc

IMA Sector:

Flexible Investment

ISIN:

GB0005543367

Fund Type:

Unit Trust

82.92p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 31-Dec-2007
  • Change: -0.14p
  • Change %: -0.16%
  • Currency: GBP
  • YTD change: 82.92p
  • YTD %: n/a

Fund Objective

To achieve capital growth by investment worldwide in any economic sector.

View on Past Performance

30/09/2003. Equity markets have rallied strongly since March and the Fund has appreciated by 13.3%. However, it has lagged the APCIMS Growth Index which rose 15.7%. The cash and bond weighting has been a drag on performance, though it has generated a significant part of the income. Secondly, we have not had enough exposure to cyclical stocks which have performed strongest.Although we have had a decent exposure to smaller and mid-size companies which have performed better than the market average, the Fund has tended to concentrate on cash-generative, stable companies with good dividend prospects. These types of shares have served the Fund well since August 2001 when the new benchmark was adopted and the Fund (-10.1%) is still ahead of the index (-12.8%) over that time period.

Future Expectations

Recent economic statistics indicate that economics are beginning to recover. We have already titled the exposure towards Japan, Asia and Emerging Markets which we think have better prospects than the US and Europe.

Fund Details

Latest Price 82.92p IMA Sector Flexible Investment
Currency British Pound Launch Date 01/10/1996
Fund Size n/a Fund Manager MPFS Unit Trust Management
ISIN GB0005543367 Dividend 0.00p
 

Price Info

Date 31-Dec-2007
Bid 80.52p
Offer 85.32p
Currency GBP
Change -0.14p
% -0.16%
YTD change 82.92p
YTD % n/a

Fund Facts

Fund Inception 01/10/1996
Fund Manager MPFS Unit Trust Management
TER -
Minimum Investment
Initial £500
Additional n/a
Savings n/a
Charges
Initial 5.00%
Annual Mang't 1.25%
Exit n/a

Risks

Name %
Standard deviation 0.01
Sharpe ratio 0.11

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