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View the article online at http://citywire.co.uk/wealth-manager/article/a528187

Citywire Selection: who's in and who's out

by Jonathan Miller on Sep 29, 2011 at 12:37

Our bi-annual review of the constituents in Citywire Selection has taken place and readers of our weekly magazines will by now have received their new supplement.

Citywire Selection was launched in January 2010 and looking at the latest performance figures at 31st August 2011, our active picks have generated strong outperformance. Relative to the appropriate index assigned to the funds, 81% have outperformed over five years, 73% over three years and 56% during the last 12 months.

The latest analysis has seen six funds added to our list and nine removed giving a total of 134 picks. Here we take a look at the changes:

Added

The Cazenove UK Smaller Companies fund , under the guidance of Citywire AAA rated manager Paul Marriage, makes the grade for his consistent outperformance. Marriage does not hold oil and gas stocks, which can often boost returns in this space, as he prefers to invest in companies based in the UK.

Walker Crips duo Jan Luthman and Stephen Bailey now have their Equity Income fund, as well as UK Growth fund, in Citywire Selection. The CF Walker Crips Equity Income fund has outperformed the FTSE 350 Higher Yield Index in each of the last seven calendar years and we are happy to further back the astute duo.

We welcome back two ex-Gartmore funds, with the managers making the transition to Henderson and now settled in. Namely Henderson Cautious Managed run by Chris Burvill and Henderson UK Absolute Return managed by Ben Wallace and Luke Newman.

In the commodities space Investec Enhanced Natural Resources has lived up to its billing of limiting the downside in this volatile asset class with managers Bradley George and George Cheveley using short positions to smooth returns. 

Pictet Clean Energy  under the stewardship of Luciano Diana and Xavier Chollet also makes the grade. The asset class has had a difficult time but we now back this active pick to replace our previous passive option.

Removed

The Newton Income fund was taken over by Richard Wilmot in April as Chris Metcalfe stepped aside. In such a competitive space, we prefer to focus on managers that have experience of a decade or more.

Another fund in the UK All Companies sector, the CIS Sustainable Leaders Trust , which follows an ethical remit, has seen performance tail off. Although commodity sectors, which led the recovery, are outside the fund's universe, stock selection has affected performance.

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  • Cazenove UK Smaller Companies B Acc
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  • CF Walker Crips Equity Income Acc
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  • Henderson Cautious Managed Ret Acc
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  • Investec Enhanced Natural Resources A Acc Net GBP
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  • Pictet-Clean Energy-P dy GBP
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  • Henderson UK Absolute Return GBP R Acc
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  • Newton Income GBP Inc
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  • Newton Higher Income GBP Inc
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  • Schroder US Smaller Companies A Inc
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  • Threadneedle Absolute Return Bond Ret Gross Acc
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  • Neptune US Opportunities A Acc GBP
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  • iShares S&P Global Clean Energy USD
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  • IM HEXAM Global Emerging Markets A Acc
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  • CIS Sustainable Leaders Trust
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  • Invesco Perpetual High Income Inc
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  • Edinburgh Investment (Ordinary Share)
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Look up the fund managers

  • Paul Marriage
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  • Stephen Bailey
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  • Jan Luthman
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  • Ben Wallace
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  • Bryan Collings
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  • Bradley George
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  • George Cheveley
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  • Felix Wintle
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  • Tineke Frikkee
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  • Simon Nichols
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  • Richard Wilmot
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  • Ben Russon
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  • Luciano Diana
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  • Xavier Chollet
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  • Jenny Beth Jones
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  • Quentin Fitzsimmons
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  • Luke Newman
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  • Christopher Burvill
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  • Grant Shotter
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  • Neil Woodford
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  • Christopher Metcalfe
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