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RWC Income Opportunities B GBP

Ranked 13 out of 43 in - Global Equity Income over 12 months
All calculations are in GBP

Managed by

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.

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.

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 : 31/08/2013 - 31/08/2014
  • Rank 13/43 Total Return
  • Rank 1/43 Standard Deviation
  • Rank 1/43 Max Drawdown
Fund Name Return
11 Schroder Global Equity Income A Acc

11.7%

12 The Dunninger

10.9%

13 RWC Income Opportunities B GBP

Currency exposure is hedged

Currency exposure is hedged

10.9%

14 Pictet-High Dividend Selection-I dm GBP

10.4%

15 INTECH Global Dividend U GBP Inc

Currency exposure is hedged

Currency exposure is hedged

10.2%

Fund Name Loss
1 RWC Income Opportunities B GBP

Currency exposure is hedged

Currency exposure is hedged

-1.9%

2 Legg Mason Global Equity Income A Acc

-2.5%

3 The Dunninger

-2.8%

4 Artemis Global Income R Inc

-2.8%

5 Schroder Global Equity Income A Acc

-2.9%

Total Return

Quarterly Performance

to 29/08/2014 Annual Q1 Q2 Q3 Q4
2014 5.7% 3.2% 1.6% 0.9%
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% -3.6%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2014

Top 10 Holdings

Stock Size
GBP/USD Forward Contract 12.95
United Kingdom 5.000% 07-Sep-2014 10.47
GBP Cash 8.32
United Kingdom 0.000% 18-Aug-2014 7.18
Next PLC ORD 5.22
AstraZeneca PLC ORD 5.09
Eli Lilly and Co ORD 4.32
Pfizer Inc ORD 4.11
RSA Insurance Group PLC ORD 4.05
Legal & General Group PLC ORD 3.96
31/07/2014

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).