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RWC Income Opportunities B GBP

Ranked 28 out of 43 in - Global Equity Income over 12 months
All calculations are in GBP

Managed by

Ian Lance

Ian Lance was born in Croydon, London in 1966. He attended Loughborough University where he gained a degree in economics with economic and social history. Ian started his career in 1989 with Sun Alliance before joining Legal and General in 1990. He moved to Gartmore in 1995 and after five years he joined Citigroup. Ian joined New Star in 2005, and two years later moved to Schroders. He currently works at RWC having joined in September 2010. Ian has been managing funds for well over 20 years. Outside of fund management he enjoys rugby and walking.

Nicholas Purves

Nicholas Purves describes his value-based investment style as ‘fundamentalist’. Appropriately for a geology graduate from Bristol University, Purves says he adopts a ‘bottom-up’ strategy on his funds, searching for investment opportunities wherever they occur. This contrasts with other managers who employ the ‘top-down’ technique of identifying attractive business sectors before selecting the best stocks in those areas. Purves started out at Schroders as an analyst before moving over to the fund management team. He currently works at RWC basing his investments on a strategy that seeks companies that are undervalued by the market despite having a strong franchise and a healthy balance sheet. Born in Cambridge in 1967, Purves is also a qualified chartered accountant.

Objective

To provide superior long term capital growth by investing primarily in a portfolio of global companies. At least 67% of the Sub-Fund’s total assets (excluding cash and cash equivalents) will be invested in equity and equity linked securities of companies that are listed on a global stock market. The Sub-Fund may also invest and gain exposure to fixed income instruments, including emerging market and sub-investment grade debt, and convertible securities.

Performance

Global Equity Income over : 30/11/2013 - 30/11/2014
  • Rank 28/43 Total Return
  • Rank 2/43 Standard Deviation
  • Rank 1/43 Max Drawdown
Fund Name Risk
1 River and Mercantile Global High Income A

1.6

2 RWC Income Opportunities B GBP

Currency exposure is hedged

Currency exposure is hedged

1.7

3 Sarasin Global Higher Dividend GBP Hedged A Acc

Currency exposure is hedged

Currency exposure is hedged

1.8

4 Martin Currie Global Equity Income A Inc

1.9

5 Aviva Investors Global Equity Income SC 1

2.0

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 3.2% 1.6% -0.4%
2013 19.1% 10.3% 1.0% 2.7% 4.0%
2012 9.1% 4.7% 2.0% 3.2% -1.0%
2011 -1.8% 1.6% 2.9% -11.0% 5.6%
2010 -3.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

30/09/2014

Top 10 Holdings

Stock Size
GBP Cash 17.23
GBP/USD Forward Contract 13.71
United Kingdom 4.750% 07-Sep-2015 5.37
AstraZeneca PLC ORD 5.13
Next PLC ORD 5.02
Eli Lilly and Co ORD 4.71
Pfizer Inc ORD 4.35
RSA Insurance Group PLC ORD 4.21
Merck & Co Inc ORD 4.18
Johnson & Johnson ORD 3.95
30/09/2014

Registered For Sale In

  1. Luxembourg
  2. Sweden
  3. United Kingdom

Fund Info

  • Launch date30/09/2010
  • Share Class size28Mn
  • Base currencyGBP
  • ISIN LU0542758205
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment10Mn
  • Min. additional investment0

Charges

  • Annual management0.8%

Related News

Absolute return duo Allwright & Frost leave RWC Partners

The absolute return fund management team of Peter Allwright and Stuart Frost has left RWC Partners.

RWC’s Ian Lance: beware the stampede to income

Ian Lance, co-manager of the RWC Income Opportunities fund, believes investors getting caught up in the rush for income risk loading up on low quality companies that are unable to sustain dividends.

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