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View the article online at http://citywire.co.uk/wealth-manager/article/a385256

Investec Cautious Managed

on Nov 30, 2012 at 00:01

Citywire Selection verdict: Alastair Mundy’s contrarian value approach of targeting out of favour stocks has led him to keep large amounts of the fund invested in the UK in addition to a long-standing allocation to Norwegian government debt. Boosting performance in recent years has been his 10% stake in Japanese equities. Mundy follows a well-executed, simple strategy to generate steady returns with volatility lower than that of a single asset class investment, a process that has led him to be among the very best mixed asset investors. Recent performance hasn’t been the best, but contrarian investors by definition will always experience periods of subdued returns.

3 comments so far. Why not have your say?

Ivan Kinsman

Oct 01, 2010 at 18:29

Why invest in such a fund that offers such a low rate of return on your money? Equity investing is for the bold and not the feint-hearted - the latter can place their money with their government or banks. Warren Buffet and his ilk didn't get where they are today by investing in cautiously managed funds...

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Anonymous 1 needed this 'off the record'

Feb 24, 2011 at 16:01

previous comment surely cant be for real??? mundy is a fantastic investor who hits a point on the risk / reward curve which suits many investors.

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Anonymous 1 needed this 'off the record'

Sep 29, 2011 at 14:59

Agree that Mundy is a great manager and is actually buffet like is his approach (long term, ignore fads, very sensible)..also very modest with it..guy who made first comment is an idiot or wind up artist

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