Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a474894
It's Woodford's time to shine: the funds James Brearley backs
Markets
by Danielle Levy on Mar 01, 2011 at 07:19
James Brearley & Sons is backing Invesco Perpetual’s Neil Woodford (pictured) and JO Hambro Capital Management’s John Wood to deliver over the next year and a half.
Senior investment manager Philip Howe explained: ‘I think the easy money has been made over the last 12 to 18 months. Any equity manager worth his salt should have made money as there has been a lot of correlation in the equity space, but now equities have become less correlated and stockpickers should come through.’
The team currently has around 74% in equities with more of a value bias rather than growth.
Howe added: ‘We expect Woodford to come through over the next 18 months and o utperform the market.’
Alongside Woodford, the team also favours fellow UK equity stalwart Wood.
While the team has been favouring large caps over the past few months, they bought back into small caps in January through Richard Staveley’s River & Mercantile UK Equity Smaller Companies fund , pointing to a stronger commitment from banks to lend to smaller companies and the increasingly global focus of smaller companies.
Fund selection in the UK equity space proved a key driver of performance during 2010, with eight out of the team’s 11 UK funds outperforming their relative indices. Prominent among these was Keystone Investment Trust, which outperformed by 9.8% and moved from par to a premium to net asset value of 5%. It is run by Invesco Perpetual’s Mark Barnett, who is Citywire AA-rated. Meanwhile, AAA-rated Nigel Thomas’s AXA Framlington UK Select Opportunities outperformed by 9.2%.
Howe also highlights AA-rated Tom Dobell’s M&G Recovery fund as another top holding in James Brearley’s balanced model, for which there are fund-focused and direct UK equity versions.
Investment process
The firm’s models form part of its central investment policy as it believes its investment process needs to be run robustly and monitored to ensure consistency across the branch network.
News sponsored by:
Subscribe to Wealth Manager magazine and rack up CPD points
Citywire Wealth Manager has partnered with CISI to enrich the experience of subscribers to our magazine.
Today's top headlines
More about this:
Look up the funds
- River and Mercantile UK Equity Smaller Companies A
- AXA Framlington UK Smaller Companies Acc
- AXA Framlington UK Select Opportunities Inc
- M&G Recovery A Inc
- Schroder European Alpha Plus Acc
- Baillie Gifford American A Acc
- JPM Emerging Markets A Acc
- First State Asia Pacific A GBP Acc
- Aviva Investors Property Trust Inc
Look up the fund managers
More from us
- Woodford stands by deflation fears (and Capita)
- Woodford pulls plug on Northumbrian Water on regulatory concerns
- This inflation spike will not help Neil Woodford
- Severn Trent says Woodford wanted to invest elsewhere
- Woodford warns tough times still ahead for UK
- Yell continues to spell hell for Woodford and Shah
- James Brearley looks to shake up market with platform launch
- My asset allocation: James Brearley's Swindell on BT and ITV
- Close sees opportunities in Europe and Japan
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
1 comment so far. Why not have your say?
David Cowell
Mar 01, 2011 at 15:38
....and Statistics
I am interested as to why capital return is being quoted and not total return. In any event I think the APCIMS figure is wrong but stand to be corrected.
According to Fin Express the calendar year 2010 shows JB's Way Balanced Fund producing a total return (bid to bid) of 12.95% and the APCIMS Balanced Index a TR of 12.51%. Not a nat's crotchet in it.
Still, any publicity, etc.
report thisleave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.