View the article online at http://citywire.co.uk/money/article/a982969
Rosemary Banyard launches Free Spirit fund at new firm
Former Schroder UK Mid Cap manager Rosemary Banyard launches Free Spirit fund for Sanford Deland, home of the top-performing UK Buffettology fund.
Former Schroder UK Mid Cap (SCP ) manager Rosemay Banyard has launched the Free Spirit fund for Sanford Deland, home of the top-performing UK Buffettology fund.
Banyard joined Sanford Deland in November last year, after leaving fund group Schroders in March, where she ran the Schroder UK Mid Cap investment trust with Andy Brough, together with the Schroder UK Smaller Companies fund.
Sanford Deland managing director, Citywire AA-rated Keith Ashworth-Lord ,said the new fund would complement the UK Buffettology fund he manages, which has returned 160.3% over the last five years, placing the £63.9 million fund second only to the Old Mutual Equity fund in the Investment Association's UK All Companies sector.
Ashworth-Lord runs his fund using the 'business perspective investing' approach devised by Benjamin Graham, the inspiration for US investment legend Warren Buffett.
Banyard said she would be looking for businesses with a 'clear and sustainable competitive advantage, which are difficult to replicate, thereby erecting a barrier to new entrants and generating superior returns on operating assets'.
'In addition, these companies are likely to possess sound finances and experienced management teams focused on the creation of long-term value for shareholders,' she said.
She will invest in between 25 and 40 holdings in the fund, whose ongoing charges in its first year have been estimated at 1.68%.
Banyard said she and Ashworth-Lord shared similar approaches to investing, but that while there could be some overlap in the stocks they hold, she was likely to pick a different set of holdings to his fund.
The Schroder UK Mid Cap has enjoyed a solid record since Schroders was appointed manager of the trust in 2003, with a 10-year return of 127.9% that beats mid cap rivals JPMorgan Mid Cap (JMF ) and Mercantile (MRC ).
Schroder UK Small Companies has meanwhile delivered 120.1% over the last 10 years, a mid-ranking performance in the Investment Association's UK Smaller Companies sector.
News sponsored by:
Making the most out of Europe's potential means seeing things differently. Learn more about how BlackRock's focused approach to investing in Europe helps investors unlock the continent's vast potential.
In this guide to investment trusts, produced in association with Aberdeen Asset Management, we spoke to many of the leading experts in the field to find out more.
More about this:
Look up the funds
Look up the investment trusts
Look up the fund managers
More from us
- Banyard joins star Buffettology team after Schroders
- Banyard leaves Brough in charge of Schroder Mid Cap
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 email@example.com to your safe senders list so we don't get junked.
by Daniel Grote on Jan 20, 2017 at 13:27