Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a638327
Brooks Macdonald Defensive Capital fund hits £100 million mark
by Annabelle Williams on Nov 29, 2012 at 07:22
Brooks Macdonald Funds has hit the £100 million mark in its defensive capital growth strategy, run by AA-rated managers Jonathan Gumpel and Robin Eggar.
The IFSL Brooks Macdonald Defensive Capital Fund, which was launched in 2006, invests in preference shares, loan notes, convertibles and structured notes which do not depend on market growth for positive capital returns. It has provided strong outperformance of 6.88% over the last year, compared to 3.89% in the Mixed Assets: Absolute Return Sector average.
Eggar said he had worked to avoid overpriced bonds and risk-driven equity markets.
‘Good tactical calls have been combined with quality underlying growth assets and the fund remains well positioned to benefit from continued market uncertainty whilst avoiding the fluctuations in overpriced bonds and risk driven equity markets,’ he said.
Gumpel added: ‘Over the last three years the fund has not only grown in size considerably but also shown the ability to deliver consistent, strong performance with low levels of volatility.
News sponsored by:
Today's top headlines
More about this:
Look up the funds
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
on May 24, 2013 at 11:32