Liontrust’s ‘Economic Advantage’ process explained
In 1997, fund manager Anthony Cross published the ‘Cross Report’ which evolved into the...
FundCalibre has extended its rating services by launching the ‘Elite Radar‘ accolade for a range of funds that are on the research team’s watch list.
The Elite Radar is a special badge for funds that may or may not not have the minimum three-year track record to pass FundCalibre’s AlphaQuest quantitative screen, but which are on the team’s watch list and are potential candidates for a full rating in the future.
Occasionally a fund or manager will come to our attention that doesn’t have the required three year track record for an Elite Rating– either because it is a new launch or a new type of mandate or different investment area for a manager – but which we place on our watch-list.
In the same vein, we may be monitoring some funds that have the required track record and pass AlphaQuest, but are not quite ‘Elite’ yet.
We thought it was time to share that list – after all, if we are watching them others may like to do the same.”
RWC Continental European Equity: run by a very experienced manager who moved to RWC last year.
Evenlode Global Income: this relatively new fund benefits from having the same investment process as the co-manager’s very successful UK fund. It is a wider mandate and a different co-manager.
Investec Global Special Situations: this fund is the natural evolution of an existing, and successful, UK equity fund investment process.
Schroder Global Recovery: this global fund has been launched to fill a gap in a very successful range. It has the same process and the same team, but a wider remit.
Liontrust UK Micro Cap: the manager’s 20 year-old Economic Advantage process is now being used to identify gems amongst the UK’s smallest companies for this relatively new fund.
Livingbridge Multi-Cap Income: the managers of this fund are looking to replicate their smaller companies process in an income-producing fund.
Old Mutual Gold & Silver: this fund was launched less than three years ago and invests in both physical gold and silver as well as related shares.
Baillie Gifford Japanese Income Growth: benefiting from a very strong Japanese equity team, this newly launched fund is now looking to tap into the new dividend-paying culture developing in Japan.
FundCalibre is truly independent and the only fund rating business with a predictive quant model, where the outcome is a probability of a manager being able to generate alpha in the future.
The research team use this a screen to assess the thousands of funds and investment trusts on offer to create a short list of those where further qualitative assessment would be worthwhile: those managers that display consistent stock, fund and/or asset-picking skills over three years or preferably longer.
This stringent process has resulted in a very select few being awarded the Elite Rating.