F & C UK Growth & Income Dist 2 NAV

IMA Sector:

UK Equity Income

ISIN:

GB0005843445

Fund Type:

OEIC

 216.20p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 24-Jun-2011
  • Change: 0.000p
  • Change %: n/a
  • Currency: GBP
  • YTD change: 216.20p
  • YTD %: n/a

Fund Objective

The Fund aims to provide long-term capital growth and a high growing income.

View on Past Performance

September saw an acute worsening of the credit environment and market volatility was sustained and significant. Against this backdrop we continue to look to position the Fund defensively. We selectively used volatility to buy into more cyclically orientated investments that appeared attractively valued post recent underperformance. For example we increased exposure to miners - buying shares in Xstrata and Anglo American.Whilst retaining a broadly defensive tilt we are mindful that a number of our core holdings look vulnerable following relative outperformance. We therefore trimmed positions in Scottish & Southern Energy, National Grid and Tesco.Performance was aided by holdings in British American Tobacco and Legal & General. Positions in electronics firm Laird and oil services group Lamprell detracted from overall performance.

Future Expectations

We think that at this point the market looks oversold but developments in global credit markets are pushing indices still lower. We expect a rally in the near future but a great deal depends on the level of intervention by national banks.

Fund Details

Latest Price 216.20p IMA Sector UK Equity Income
Currency British Pound Launch Date 01/07/1983
Fund Size n/a Fund Manager Ted Scott
ISIN GB0005843445 Dividend 5.46p

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Info

Date 24-Jun-2011
NAV 216.20p
Currency GBP
Change 0.000p
% n/a
YTD change 216.20p
YTD % n/a

Fund Facts

Fund Inception 01/07/1983
Fund Manager Ted Scott
TER 1.19 (31-Aug-2010)

Fund Reports

Minimum Investment
Initial £1000
Additional £25,000
Savings n/a
Charges
Initial 5.00%
Annual Mang't 1.25%
Exit n/a

Risks

Name %
Standard deviation 0.01
Sharpe ratio 0.18

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