The Fund's investment objective is to provide long term capital growth by investing in UK smaller companies.
The market was down 14.99% (FTSE Small Cap ex IT) in September. Slowing down economic activity, rising inflation and high level of energy prices remain the prevailing economic conditions. Food & Drug Retailers was the best performing sector in September, whilst Mining was the worst performing sector.The portfolio holds stocks that have positive exposure to valuation and momentum signals. An overweight position in Brewin Dolphin Holdings PLC contributed +0.22% to performance. An underweight in Minerva PLC contributed +0.43% of fund's performance.
Credit crisis is the issue among the world major economies. There are downside risks to growth however the inflation is a key concern as well. Deteriorated credit market and high inflation are main topics to hold back the global economic growth. The prevailing economic conditions provide a neutral background for the UK equity markets. In this environment, the portfolio will aim to maintain exposure to stocks with good value and momentum.
Latest Price |
0.00 |
IMA Sector |
UK Smaller Companies |
Currency |
|
Launch Date |
31/08/1996 |
Fund Size |
n/a |
Fund Manager |
|
ISIN |
GB0000203983 |
Dividend |
1.39 |