Ninety One UK Alpha

Ninety One UK Alpha is a well-diversified core UK equity fund. Simon and his team aim to buy quality companies that consistently create value for shareholders. The fund retains the same philosophy and process as Simon's previous fund, which he ran so successfully at Threadneedle.

Previously Investec UK Alpha

Our opinion

The Ninety One UK Alpha fund has a solid and sensible investment process. Simon is a hardworking and passionate fund manager, with a consistent track record and a strong team behind him. We would regard this fund as a core UK equity holding.

Fund manager

Having graduated from Durham University and the University of Aix-Marseille with a BA Honours degree in Business and French, Simon Brazier began his career with Schroders in 1998 before moving Threadneedle. He joined Investec (now Ninety one) in 2015 and has a strong and consistent track record. Simon was joined at the company by a number of his previous team at Threadneedle. He is now manager of the Ninety One UK Alpha fund and co-head of the company’s 'Quality’ team.

I firmly believe that UK equities should have a prominent place in any portfolio seeking to achieve strong, long-term, risk-adjusted returns.

Simon BrazierFund manager

Investment process

The team believe that markets are excessively focused on short term factors and that most analysts typically concentrate on the next set of results and not where a company will be in five years’ time. This creates opportunities to invest in quality companies that will deliver for many years into the future. The team only buys companies that are adding value for shareholders by allocating capital efficiently. Consequently, investing in proven company management is very important. Cash flow generation is also key, and businesses are typically valued based on the amount of cash they produce.

Risk

Ninety One UK Alpha must have at least 50% of its holdings in the FTSE 100 (the UK’s largest 100 companies) and typically has between 50 and 90 stocks. Simon doesn’t believe in betting heavily on one or two stocks or sectors. Therefore, no stock has a weight of greater than 5% and the fund will not be +/- more than 8% for any sector versus the FTSE All Share index.

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