The fund aims to achieve absolute returns through targeted investment strategies independent of UK market conditions or indices.
Fund overview and performance target
Fund managers, Steve Cordell and Julie Dean, aim to deliver a positive return from both rising and falling equity prices, with less volatility than the stock market. The fund has a bias towards large and mid cap stocks, targeting a return of 8 – 10% per annum (net of fees) with less than two thirds of the volatility of the FTSE All-Share Index, over the medium term. There is no guarantee that either this target or positive returns will be achieved.
Source and copyright: Morningstar OBSR Analyst Rating™.
|Manager(s) start date
||1st June 2011
||18th July 2008
||IMA Absolute Return
||UK OEIC sub-fund
|Type of share
P2 Euro Hedged