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Ardevora UK Income A

Ranked 24 out of 111 in - UK Equity Income over 12 months
All calculations are in GBP unless stated

Managed by

Jeremy Lang

Like a doctor who has a disease named after him, Jeremy Lang has an eponymous investment strategy, the Lang Approach, which he dreamed up during a four-year round-the-world sailing tour. In a nutshell, Lang sorts his investment candidates by looking at the analysts who follow them - not because they have an inside edge that demands respect but quite the opposite; because they are often, and predictably, wrong. Lang's studies show that companies where analysts consistently underestimate earnings perform relatively well whereas those where the analysts get their numbers too high generally perform badly. Lang graduated in Econometrics from York University and has more than 20 years' experience as a fund manager. He spent over 13 year at Liontrust before setting up Ardevora Asset Management alongside William Pattisson.

William Pattisson

William Pattisson does not like too much face-to-face contact with the companies in which he invests. 'I've no interest in slick investor relations people telling us what they want us to hear,' he says. One bias he wants to avoid is feeling guilty about selling a stock if he liked the people he met. Pattisson built a strong reputation running the Liontrust First Large Cap fund and the Liontrust Winners Investment Trust. He then left the company to set up Ardevora alongside Jeremy Lang. 'Running winners and avoiding losers' is his investment philosophy in a nutshell. Born in June 1963, Pattisson graduated in Economics from Christchurch College, Oxford and has been a fund manager for more than 20 years. He established his reputation at Flemings, where he successfully managed the £410 million Fleming Claverhouse investment trust, before he joined Liontrust.

Objective

The Ardevora UK Income Fund's investment objective is to achieve long-term capital appreciation and income. The Ardevora UK Income Fund will primarily invest in and gain exposure to, a diversified portfolio of UK equity or equity-related securities (such as ordinary and preference shares, global depository receipts and American depository receipts) listed or traded on Regulated Markets.

Showing fund performance in United Kingdom View performance globally

Performance

UK Equity Income over : 30/04/2015 - 30/04/2016
  • Rank 24/111 Total Return
  • Rank 70/111 Standard Deviation
  • Rank 15/111 Max Drawdown
Fund Name Currency Return
22 Close OLIM UK Equity Acc GBP

-0.1%

23 Man GLG UK Income Retail Acc A GBP GBP

-0.2%

24 Ardevora UK Income A GBP

-0.2%

25 Rathbone Income Inc GBP

-0.3%

26 Premier Income A Inc GBP

-0.3%

Total Return

Quarterly Performance

to 31/03/2016 Annual Q1 Q2 Q3 Q4
2016 -4.5%
2015 16.3% 8.1% 1.9% -2.0% 7.8%
2014 0.9% 3.2% -2.5% -1.5% 1.8%
2013 32.9% 15.5% -0.1% 4.1% 10.6%
2012 23.4% 11.4% -4.6% 8.1% 7.4%
2011 5.3% -14.1% 7.4%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Ireland
  2. United Kingdom

Fund Info

  • Launch date12/01/2011
  • Share Class size04Mn
  • Base currencyGBP
  • ISIN IE00B3TGCG95

Purchase Info

  • Min. initial investment5,000
  • Min. regular additional investment5,000

Charges

  • Annual management1.50%
  • Initial investment0

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...more...

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).