Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a740407

Aberdeen's Duce replaces £80m Woodford mandate with Carl Stick

by Eleanor Lawrie on Mar 14, 2014 at 14:27

In the three years to the end of January, the fund has returned 42.6%, compared with an average return of 36.2% in the peer group.

'One of the reasons we went into Carl Stick is that he has learnt some lessons from 2008 in the way he has managed position size and risk in his portfolio, and is obsessive about the strength of balance sheets. He is always thinking about the downside,' Duce said.

'The key attraction is his stockpicking ability,' he added, highlight the Rathbone Income's characteristics 'seem closer to Neil Woodford than other funds in that space'.

'Even though he [Stick] has run above average cash levels, he has generated some very good and consistent alpha from stock selection,' Duce said.

Duce is also considering the possibility of adding Rathbone Income fund to his retail portfolios.

Sign in / register to view full article on one page

1 comment so far. Why not have your say?

Badders

Mar 14, 2014 at 15:14

I don't get it - smaller holdings = less defensive?

Surely the other way round.

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:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

  • Rathbone Income Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the shares

  • Aberdeen Asset Management PLC (ADN.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Graham Duce
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Neil Woodford
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Carl Stick
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them
  • Mark Barnett
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet