The millennial wealth gap
I was in a meeting this week when the subject of ‘millennials’ came up. And, shortly into the...
Following a recent investment committee meeting, the directors of FundCalibre have awarded six new funds an Elite Rating, bringing the total number of Elite Rated funds to 137.
With a yield currently at 6%, this fund speaks to the income-hungry investor. Whilst high yield bonds carry more risk of default than higher quality bonds, the fund has not experienced a single default over the past three years, which is a testament to the manager’s stock picking skill and focus on management teams. Aviva’s risk management software adds to our confidence in the fund’s ability to access this higher-risk end of the bond market in a controlled fashion.
This is a core global income fund that invests in transparent and sustainable businesses. It aims to pay a regular and growing income whilst preserving capital. We like that the manager challenges his analysts and allows for intellectual debate. The value influence means he is less likely to overpay for a stock, which can help to protect against price falls in down markets.
Ken Nicholson has proved his worth at Standard Life and brings his experience and unique style to small-cap management to the Mirabaud fund. His mantra is “you can’t find the hidden champions by sitting at your desk looking at Bloomberg screens”, so the team has an intensive and targeted road-trip programme to meet as many companies as they can. This is the key to their success, along with focus and discipline.
We like the fact that the team is not limited to investing just in higher yielding stocks, but also in those with future dividend potential. We also like the fund‘s flexibility of being able to drop into the bond market if they want to increase the income level at any time. The tried, tested and successful company-wide process, coupled with Kevin’s track record of consistently outperforming the sector, stands this fund in good stead.
This is a small flexible fund with a solid investment process and a highly competent team of smaller companies specialists. Unicorn beat all other asset managers to top both the 2015 and 2016 FundCalibre Fund Management Equity Index and that was in part due to the excellent performance of this fund.
This a highly-concentrated, high conviction UK micro-cap fund. It has been managed by Ken Wotton since its launch in 2009, with the support of the 40-strong specialist team at Livingbridge, who have been investing in this space for 20 years. They have experience of working with companies and management teams before they come to the stock market and this can give them an advantage over their peers.