Fund Objective

To provide a higher level of growth this diversified portfolio has a medium level of risk and invests almost exclusively in equity funds with a bias towards UK equities

View on Past Performance

On the back of recession worries, equity markets fell sharply in January ranging from Japan (-4%) to Continental Europe (-11%), when expressed in GBP terms. Against this environment, the fund returned -7.0%, outperforming its sector average return.* Fund selection was positive over the month. Notably Close Investment Japan Equity where minimal exposure to heavily sold off economically sensitive market areas, such as mining and blue chip exporters protected against further downside.

Future Expectations

Given our long term strategic portfolio positioning, we do not seek to incorporate short term investment themes, leaving this to the underlying funds' managers. Importantly, our portfolio is designed to deliver strong relative returns irrespective of the prevailing market environment. The fund is focused on high conviction, high alpha specialist fund holdings, and we continue to research new funds to ensure that the portfolio reflects our best ideas in established and emerging asset classes.

Fund Details