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Citywire Ratings: 7 fund managers powering ahead

Looking for investment ideas? We highlight the managers of seven funds doing well in the latest update of Citywire's Fund Manager Ratings.

by Harry Brooks, Nisha Long, Amy Rowe on Nov 14, 2012 at 13:30

The fund managers powering ahead

Citywire Fund Manager Ratings are a great tool for investors looking to find the best funds for their ISAs and pensions.

To gain one of our A, AA or top AAA ratings fund managers have to show they are investing investors' money more effectively over a three-year period than their rivals. For an explanation of how the ratings work and a full list of the fund managers, look at the rated fund managers page.

You might be interested to know that our research team uses these exclusive manager ratings as one of their starting points for their fund recommendations in Citywire Selection.

This month just under 15%, or 275, of the 1,897 managers on our database qualified for a rating, with 42 earning our top AAA rating, 70 gaining an AA rating and 163 attaining a Citywire A rating.

Diana Radu/Sophie Sentilhes

HSBC managers Diana Radu and Sophie Sentilhes enter the ratings for the first time with an A rating. They co-manage the HSBC Monthly Income fund, and over the past 33 months they have generated returns of 23.87% in the fund.

At the end of October they had 169 holdings in their portfolio and their top holdings included the company they work for, HSBC Holdings (4.9%), and oil and gas giant BP (3.9%).

Their asset allocation is split between 68% in UK equities (shares), 9.2% in UK government bonds (gilts) and around 8.9% in international bonds.

Zak Summerscale/Jill Fields

A new group to enter the ratings is Babson Capital. Zak Summerscale and Jill Fields enter with A ratings for their 30-month risk-adjusted performance on the St James's Place International Corporate Bond fund. 'Risk adjusted' means we reward managers who deliver better returns than rivals who have taken a similar level of risk.

Over this time they have generated returns of 20.43% on the fund.

They mainly invest in corporate bonds with a focus on riskier but higher yielding 'junk' bonds in North American and Europe.

The past quarter has been good for their fund, with several European and US holdings posting big gains. One of their top-10 positions, Kion, a German fork lift truck manufacturer, performed very well following the announcement of a strategic partnership with the Chinese firm Weichai Power.

Chris Watt

Jupiter Asset Management’s Chris Watt enters with his first rating, and has achieved an A rating for his three-year risk adjusted performance on the ethical Jupiter Responsible Income fund.

The fund avoids investing in companies that derive more than 10% of their turnover from nuclear power, tobacco and armaments. It focuses on companies with sound balance sheets and defensible market positions.

Watt's top holdings at the end October were pharmaceutical giant GlaxoSmithKline (5.96%) and telecoms firm Vodafone (5.21%). His biggest sectors were industrials (21.42%) and financials (15.35%).

Sarah Whitley/Matthew Brett

Baillie Gifford managers Sarah Whitley and Matthew Brett receive their first AAA rating for their three-year risk-adjusted performance on the Baillie Gifford Japanese fund.

In the past three years they have generated returns of 19.28% within the portfolio. The duo invest in a spread of 40-70 companies and at the end of September their top holdings comprised one of the largest companies in Japan, Itochu (3.7%), and Don Quijote, which runs discount stores (3.1%).

On a sector level, his main investments were within commerce and services (22.2%) and within the electricals and electronics sector (13.5%).

Christopher Lynas/Ian Kenny

Co-managers Christopher Lynas and Ian Kenny have moved up two notches in the ratings this month, gaining a top AAA rating for the performance of the Smith & Williamson Short Dated Corporate Bond fund and the Smith & Williamson Fixed Interest Trust fund. The funds have posted returns of 14.57% and 30.19% respectively over the past three years.

Within the Fixed Income fund at the end of September, they shortened their exposure to the impact of any rise in interest rates and purchased a new 10-year bond from engineering group GKN. Within the Short Dated Corporate Bond fund they added to existing holdings and sold out of BT dollar bonds and initiated a position in German chemicals group Bayer.

Lesley Duncan

Lesley Duncan of Standard Life Investments goes up one notch in the ratings this month and is now AA rated. Her rating is based on her three-year risk-adjusted performance on the Standard Life Investments UK Ethical fund. Over this period she has generated returns of 47.92% in the fund.

At the beginning of October she held 82 positions within her portfolio, and the top holdings comprised Vodafone (4.5%) and oil and gas explorer BG Group (3.7%). On a sector level her fund composition is dominated by holdings within the industrials (23.8%) and financials (16.6%) sectors.

Gareth Isaac

Gareth Isaac has gone up a notch in the ratings and is now AA rated for his risk-adjusted performance on the Schroder Sterling Broad Market Bond fund and from his time at GLG Partners, where he managed the GLG Core Plus Sterling Bond fund. His time over both funds in the past 31 months has been used to calculate his rating and stitched together.

Over the past 30 months he has outperformed the average manager in the Citywire Bonds - Global investment sector by almost 3%.

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Look up the fund managers

  • Chris Watt
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  • Diana Radu
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  • James Wilkinson
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  • Kentaro Takayanagi
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  • Lesley Duncan
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  • Mark Davids
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  • Percival Stanion
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