The Unicorn Outstanding British Companies Fund's principal objective to achieve the highest annual compounding rate of return over the long-term, where long-term is defined as being not less than five years.
Equity markets endured a torrid time during September as the full scale of the global banking crisis began to emerge. The FTSE AllShare Index fell by over 13% as shares in the banking sector came under sustained pressure and falls in commodity prices drove the oil & gas andmining sectors sharply lower. There is nowa growing recognition that the UK economy is heading for a painful period of recession and that the Government is essentially powerless to prevent it.The performance of the Unicorn Outstanding British Companies Fundwas clearly impacted by widermarket turmoil but stillmanaged to deliver 2% relative outperformance. The focus on established, profitable, cash generative companieswith strong balance sheets and sustainable businessmodels gives the Fund considerable defensive qualities - during themonth a position in Rolls Roycewas initiated based on precisely these criteria. Therewere no other transactions during September.
310.08p
