Citywire for Financial Professionals

Alix Stewart

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Glossary

  • Fund

    A way for individual investors to pool their money together, allowing them to invest in assets that would otherwise be unobtainable

  • Fund manager

    The person who decides where the fund's money should be invested. As such, finding a talented manager (such as those with a Citywire rating) is of paramount importance

  • Sector

    Funds are grouped together into sectors, allowing fund managers to be judged against their benchmarks and peer group. Each sector has rules about what assets funds are allowed to invest in

  • Assets

    A generic term meaning 'what you own'. If you can buy it, it's an asset. In the world of investments the most common assets are shares, bonds, property and cash.

  • Asset class

    A group of assets with similar properties. For example, while shares will rise or fall in price individually, economic factors can affect all shares similarly. The same economic factors might affect bonds very differently – so shares and bonds are separate asset classes.

  • Asset allocation

    The process of deciding which asset classes to invest in. Successful asset allocation is often more important than selecting individual assets (for example deciding whether to invest mainly in shares, rather than which shares to invest in). Since most fund managers are tied to their sector rules, you need to either do your own asset allocation or buy a managed fund.

  • Benchmark

    A measure of how different areas of the markets are performing, against which funds can be compared. For example, a fund in the UK All Companies sector might be compared against the FTSE All-Share index of every company traded on the London Stock Exchange. A good fund manager will be able to beat the benchmark most of the time, but very few can.

  • Securities

    A contract representing something of financial value. Shares and bonds are the most common types of securities.

  • Managed funds

    Unlike most funds, which are restricted to investing in particular markets by the rules of their sector, managed funds can invest in just about anything. While they can have subtly different objectives, they are split into 'Active Managed', where the manager is given free reign; 'Balanced Managed', where the manager can invest a maximum of 85% in shares to reduce risk; and 'Cautious Managed' with a 60% maximum in shares.

  • Shares

    A share in a company represents part ownership of its assets (e.g. its buildings, intellectual property and so on) and its future income (paid out as dividends). The value of a share depends largely on other investors' expectations of the company's future growth and income.

  • Bonds

    Companies can issue bonds as a way of raising money. When you buy a bond, the company is agreeing to pay you a fixed income (hence the alternative name 'fixed income securities') for a certain time period, after which your money is repaid. If investors suspect a company may be unable to repay, they will demand a higher income or 'yield' - hence 'high yield bonds'.

  • Risk

    The possibility that your investment objectives won't be met. The most obvious variety is 'capital risk' – the possibility that you won't get your money back – but there are many other forms such as currency risk, income risk, inflation risk (that your investments won't keep pace with the cost of living) and so on. To get better returns, you must accept more risk – this is a law of physics in investing, no matter what the people who advertise funds like to claim. Understanding your own risk tolerance is crucial.

  • Return

    A measure of how your investments have performed, relative to your initial investment. For example if you invest £1,000 in a fund, and a year later your investment is worth £1,100, you've made a 10% return.

  • Maximum loss

    Otherwise known as maximum 'drawdown', this is a measure of how much you would lose if you bought an investment at its most expensive and sold at its cheapest (which, owing to the frailties of human psychology, often happens). For example if a fund was worth £1 a unit at one point but then fell to 50p – regardless of what happened in the meantime – the fund's loss would be 50%. Comparing the maximum loss for different managers over a given period is a good way of seeing who's doing the best job of safeguarding investors' money.

Please see terms and conditions for restrictions on use of Citywire's Fund Manager database.

Alix Stewart

Alix Stewart

  • Currently running 3 funds
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  • Current rating:
    Citywire AA

Corporate bond fund manager Alix Stewart currently works at Schroders. Armed with a degree in economics and mathematics from the University of Leeds, Alix began her financial career as an actuarial student at Scottish Mutual. She was appointed senior portfolio manager for corporate bonds at Gartmore in December 2003. She joined Scottish Widows Investment Partnership in January 2006, and later joined UBS. Outside of work, Alix is a keen football fan who counts ‘travelling with the Tartan Army,’ Persian cats and horse riding among her interests.

Total returns in each sector over

  • Bonds - Sterling Corporate Bond

    25.8%Average manager 17.1%

    Bonds - Sterling Corporate Bond

    View performance chart

    25.8%

Fund Manager's Citywire Ratings History

  • Rated A in Apr 2007Apr 2007
  • Not rated in Oct 2011
  • Not rated in Nov 2011
  • Not rated in Dec 2011
  • Not rated in Jan 20122012
  • Not rated in Feb 2012
  • Not rated in Mar 2012
  • Not rated in Apr 2012
  • Not rated in May 2012
  • Rated A in Feb 2015
  • Rated AA in Mar 2015
  • Rated A in Apr 2015
  • Rated A in May 2015
  • Rated A in Jun 2015
  • Rated A in Jul 2015
  • Rated A in Aug 2015
  • Rated A in Sep 2015
  • Rated A in Oct 2015
  • Rated A in Nov 2015
  • Rated A in Dec 2015
  • Rated A in Jan 20162016
  • Rated A in Feb 2016
  • Rated A in Mar 2016
  • Rated A in Apr 2016
  • Rated A in May 2016
  • Rated A in Jun 2016
  • Rated AA in Jul 2016
  • Rated AA in Aug 2016
  • Rated AA in Sep 2016
  • Rated AA in Oct 2016
  • Rated A in Nov 2016
  • Rated A in Dec 2016
  • Rated A in Jan 20172017
  • Rated A in Feb 2017
  • Rated A in Mar 2017
  • Rated AA in Apr 2017
  • Rated A in May 2017
  • Rated AA in Jun 2017
  • Rated AA in Jul 2017
  • Rated A in Aug 2017
  • Rated AA in Sep 2017
  • Rated AA in Oct 2017
Learn how Citywire Ratings are calculated

How has Alix Stewart performed over

Fund Manager's Citywire Ratings History

  • Rated A in Apr 2007Apr 2007
  • Not rated in Oct 2011
  • Not rated in Nov 2011
  • Not rated in Dec 2011
  • Not rated in Jan 20122012
  • Not rated in Feb 2012
  • Not rated in Mar 2012
  • Not rated in Apr 2012
  • Not rated in May 2012
  • Rated A in Feb 2015
  • Rated AA in Mar 2015
  • Rated A in Apr 2015
  • Rated A in May 2015
  • Rated A in Jun 2015
  • Rated A in Jul 2015
  • Rated A in Aug 2015
  • Rated A in Sep 2015
  • Rated A in Oct 2015
  • Rated A in Nov 2015
  • Rated A in Dec 2015
  • Rated A in Jan 20162016
  • Rated A in Feb 2016
  • Rated A in Mar 2016
  • Rated A in Apr 2016
  • Rated A in May 2016
  • Rated A in Jun 2016
  • Rated AA in Jul 2016
  • Rated AA in Aug 2016
  • Rated AA in Sep 2016
  • Rated AA in Oct 2016
  • Rated A in Nov 2016
  • Rated A in Dec 2016
  • Rated A in Jan 20172017
  • Rated A in Feb 2017
  • Rated A in Mar 2017
  • Rated AA in Apr 2017
  • Rated A in May 2017
  • Rated AA in Jun 2017
  • Rated AA in Jul 2017
  • Rated A in Aug 2017
  • Rated AA in Sep 2017
  • Rated AA in Oct 2017
Learn how Citywire Ratings are calculated

How has this fund manager performed comparedto rivals over

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