Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Brooks Macdonald Defensive Capital fund hits £100 million mark

1 Comment
Brooks Macdonald Defensive Capital fund hits £100 million mark

Brooks Macdonald Funds has hit the £100 million mark in its defensive capital growth strategy, run by AA-rated managers Jonathan Gumpel and Robin Eggar.

The IFSL Brooks Macdonald Defensive Capital Fund, which was launched in 2006, invests in preference shares, loan notes, convertibles and structured notes which do not depend on market growth for positive capital returns. It has provided strong outperformance of 6.88% over the last year, compared to 3.89% in the Mixed Assets: Absolute Return Sector average.

Eggar said he had worked to avoid overpriced bonds and risk-driven equity markets.

‘Good tactical calls have been combined with quality underlying growth assets and the fund remains well positioned to benefit from continued market uncertainty whilst avoiding the fluctuations in overpriced bonds and risk driven equity markets,’ he said.

Gumpel added: ‘Over the last three years the fund has not only grown in size considerably but also shown the ability to deliver consistent, strong performance with low levels of volatility.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter