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19th November 2014

The Elite Rating

The Super Six: Our latest Elite Rated funds

  • The first risk-targeted fund to get an Elite Rating.
  • The first China fund to gain an Elite Rating.

Following our inaugural quarterly investment committee meeting, FundCalibre has awarded an Elite Rating to six funds. The new additions will take the number of Elite Rated funds to 115.

The six portfolios are made up of two absolute return funds, Old Mutual Global Equity Absolute Return and Smith & Williamson Enterprise; two multi-asset funds, Rathbone Strategic Growth & F&C Multi-Manager Navigator Distribution; and two emerging market equity funds, Hermes Asia ex-Japan, Invesco Perpetual Hong Kong & China. All six funds passed FundCalibre's rigorous AlphaQuest process.

Darius McDermott, the managing director of FundCalibre said:

“We continue to search for managers who are able to generate performance after fees, beyond that of the market. We do not expect to add a significant number of funds at each quarterly meeting, but instead aim to find only the best of the best; the latest additions are all run by highly impressive managers,”

The following are the funds which have been added to FundCalibre’s Elite list.

Old Mutual Global Equity Absolute Return

The Old Mutual Global Investors fund is a successful absolute strategy run by Ian Heslop and team. This fund has done what is says on the tin by producing strong absolute performance in recent years, demonstrating genuine manager skill. It is however, slightly more volatile than other funds in the sector.

Smith & Williamson Enterprise

Another absolute return fund, the Enterprise portfolio is run by Rupert Fleming, Mark Swain and Mark Boucher and targets a return of 8% to 10% per annum irrespective of market conditions.

The Smith & Williamson fund has held up during recent market volatility, producing a positive return during the September to October draw-down period, underlining its credentials in tough market conditions.

F&C Multi-Manager Navigator Distribution

Gary Potter and Rob Burdett have long established themselves as a talented investment duo capable of strong long-term out-performance. Their flagship £1bn multi-manager portfolio scores highly for its consistent out-performance and reliable yield.

What also impressed us was the increasing strength of the team – at nine-strong it is one of the largest in the multi-manager space.

Rathbone Strategic Growth Portfolio

The first risk-targeted fund on the Elite list. Post global financial crisis, outcome-orientated funds have proved increasingly popular and this is one the stand-out performers having surpasses its targets since launch.

Invesco Perpetual Hong Kong & China

This fund run by Mike Shiao since June 2012, has been awarded Elite Rated status due to the manager’s longer track record on an offshore version of the portfolio. The investment committee also likes the depth of the team's resource in Hong Kong, which combines local knowledge with a deep well of experience.

Hermes Asia ex-Japan

With a number of high profile Asia ex-Japan funds closed to new investors, this fund has displayed stellar outperformance in its sector and against the benchmark. The manager Jonathan Pines has run the portfolio since launch.


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