Citywire for Financial Professionals
Stay connected:

View the article online at http://citywire.co.uk/money/article/a561376

Citywire Selection Review: 10 funds we're adding and dropping

Citywire's head of research Jonathan Miller reveals which funds have been added – and dropped – from our Selection investment recommendations. 

 
Citywire Selection Review: 10 funds we're adding and dropping

Citywire Selection is our pick of the best investment funds around. Following our latest six-monthly review there are now a total of 128 unit trusts, investment trusts and exchange traded funds (ETFs) we are recommending.

To find out more check out the complete list of our recommendations. 

Click on the links in the article to find out more about the funds and their managers.

New entrants

Times have been challenging, but our focus has always been on avoiding any knee-jerk reactions during our end-of-year review of the funds held in Citywire Selection. 

There are two new additions in the form of Liontrust Special Situations and Trojan Income . The Liontrust duo of Anthony Cross (pictured) and Julian Fosh have outperformed the FTSE All Share index in four of the past five years and we have a positive view on the repeatability of their process.

They identify businesses that have strong intellectual property, high barriers to entry and a high percentage of recurring income, derived from stocks across the market spectrum.

The consistency of the Trojan Income fund run by Francis Brooke has impressed us since its launch in 2004. The fund has delivered compelling yields and avoided the worst of the market falls putting it among the very top funds in the UK Equity Income sector. We believe that investor expectation in this area during volatile markets is for a steady income stream and a healthy degree of capital preservation.

Eight funds that we've cut

A fund we have decided to remove from the same sector is Standard Life Investments UK Equity High Income . Capital returns have been affected by the pro-growth stance in the portfolio and although this will at times reap rewards, the mindset and philosophy behind Trojan Income stands out and gives us long-term conviction in the approach. 

Elsewhere, managemement of the Threadneedle Global Select fund has been passed from Jeremy Podger to William Davies (pictured). Podger has joined Fidelity Worldwide Investment and Davies is making the transition from head of European equities to head of global equities. As Davies is now moving to cover a new asset class, we have decided to drop the fund.

Newton American was also removed during the period due to a manager change. Simon Laing has joined Invesco Perpetual with management of the fund moving in-house to the Boston Company Asset Management team, one of the group’s specialist North American boutiques.

The soft closing of Henderson UK Absolute Return meant this was also removed. We rate management duo Ben Wallace and Luke Newman highly, but new investors are now facing higher costs to access the fund.  

Changes have now also been made on five funds that were being closely monitored.

Sign in / register to view full article on one page

4 comments so far. Why not have your say?

Redundant (Old Timer?)

Jan 27, 2012 at 13:38

We have also placed 11 of our fund selectons under review.

Citywire I only counted 3 - links for the others appear to be missing

report this

Franco

Jan 28, 2012 at 14:07

Rubbish Jonathan Miller.

Your fund selections are based on past performance, which as you very well know has no influence on future performance. If you had the investor's interest at heart you would be advising them to invest in index trackers and for managed funds to cut their exorbitant charges by half, to bring them in line with those in the US.

For some one investing a lump sum to help his income in 40 years, a fund with TER 2.5% and there are plenty of them, the fund managers will take 65% of the assets. It beats high way robbery any time.

report this

banjofred

Feb 11, 2012 at 07:08

Franco, right on.

I think as people vote with their feet, the funds will get the message.

I have taken the view that I dont care about charges of up to 2%, as long as I am making a big percentage too.

They can charge what they like as long as they make me big bucks

But we know thats not the case dont we children?. Shall we look in the box and find out how much they are taking whilst making no money at all.??

No wonder Jesus kicked over the tables of the usurers outside the temple. I am not religious, but there is a message from 2000 years ago.

Time for change thats for sure.

report this

jones the spy

Feb 14, 2012 at 17:38

I agree with Franco on charges, I like the Lion Trust but with annual charges of 1.8% they likely to take cream off most benefits.

I would also like to see investors vote with their feet, but likewise is it not time for the FSA to state the maximum charge which in my opinion should be no more .75%

Come on Jonathan Miller lets have your support on this!!!

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

The Citywire guide to investment trusts

In association with Aberdeen Asset Management

Henderson Global Investors: 2014 looks set to be another strong year for UK commercial property


Andrew Friend, acting co-manager*, and Marcus Langlands Pearse, co-manager of the Henderson UK Property Unit Trust (HUKPUT), provide an overview of the key risks and opportunities for the UK commercial property market.

More about this:

Look up the funds

  • Liontrust Special Situations
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Trojan Income O Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Standard Life Inv UK Equity High Income Ret Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Threadneedle Global Select Ret Net Acc EUR
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Henderson UK Absolute Return GBP I Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Schroder Corporate Bond A Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Perpetual Corporate Bond Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Allianz RCM BRIC Stars A
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • BlackRock UK Dynamic Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Baring Absolute Return Global Bond Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Martin Currie North America A
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Newton American GBP Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • JPM Natural Resources A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • BlackRock UK Absolute Alpha P Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Invesco Perpetual Japan Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • JPM Asia A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Schroder Monthly High Income A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • JPM Emerging Markets A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Sarasin EquiSar Global Thematic A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Schroder Income A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • SWIP Multi-Manager Diversity A Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Jupiter Financial Opportunities
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Fidelity Special Situations Acc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More

  • ishares FTSE BRIC 50
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Julian Fosh
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Anthony Cross
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Francis Brooke
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Jeremy Podger
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • William Davies
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Simon Laing
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Ben Wallace
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Luke Newman
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Adam Cordery
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Mark Lyttleton
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Neil Gregson
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Sanjeev Shah
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive

Today's articles

Tools from Citywire Money

From the Forums

+ Start a new discussion

Weekly email from The Lolly

Get simple, easy ways to make more from your money. Just enter your email address below

An error occured while subscribing your email. Please try again later.

Thank you for registering for your weekly newsletter from The Lolly.

Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.

Sorry, this link is not
quite ready yet