Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter