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UK Alpha

The Investec UK Alpha Fund aims to provide attractive long-term returns. A core UK equity fund, it seeks outperformance of 3-5% per annum above the FTSE All-Share Index*.

Reasons to invest

The Investec UK Alpha Fund aims to provide attractive long-term returns. The Fund seeks outperformance of 3–5% per annum above the FTSE All-Share Index*.

  • Strong long-term performance.
  • A high conviction portfolio of 50-90 stocks, diversified by sector and market-cap with at least 50% exposure to FTSE 100 and maximum of 10% to small caps†.
  • Alpha is driven by bottom-up stock selection with a focus on attractively valued, quality businesses with strong financials and management.
  • Managed by Simon Brazier and backed by an experienced and well-resourced investment team, with a successful long-term track record^.

*Performance targets are subject to change and may not necessarily be achieved, losses may be made.



    Simon Brazier explains the UK Alpha Fund

     

    Strong long-term performance**


    1 year 3 years p.a. 5 years p.a. 10 years p.a.
    Investec UK Alpha I Acc Net EOD 8.3% 8.8%

    11.8%

    9.5%
    FTSE All-Share 9.0% 9.6% 8.8% 7.8%
    Quartile ranking 3 2 1 1

     

    Calendar (and Index***) year returns: 2017: 12.8%(13.1%); 2016: 9.1%(16.8%); 2015: 6.4%(1.0%); 2014: 6.7%(1.2%); 2013: 38.8%(20.8%).

    Source: Morningstar, 30.06.18. Inception date of Fund 31.12.01. On 12.01.15, the investment team of the Fund changed from 4Factor to Quality. From October 2016 end of day prices have beenused in order to align the Fund’s valuation point with that of the comparative index. Performance shown on other marketing materials may reflect the fund’s mid-day valuation and so may differ. Quartile ranking within the IA All Companies sector, shown for I Inc, on midday pricing. Calendar year performance source: Morningstar, 5 years ending December 2017. **Performance is net of fees (I Share class, NAV based, including ongoing charges, excluding initial charges), gross income reinvested, in GBP. ***Index: FTSE ALL-Share.


    Research framework

    A Company Valuation Framework is at the core of the investment team’s research process. Success is based on the strength of three key factors – business model, financial model, and efficient capital allocation – ultimately however, valuation is key.

     

     

    When constructing the portfolio, business risk is a key driver of position size. Companies with higher business risk will typically have lower weightings to minimise downside potential. 

    Source: Investec Asset Management.

    Learn more about Quality companies



    General risks

    The value of investments, and any income generated from them, can fall as well as rise. Where charges are taken from capital, this may constrain future growth.

    Past performance is not a reliable indicator of future results. 

    Investment objectives and performance targets may not necessarily be achieved, losses may be made.


    Specific risks

    Geographic/Sector: Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may mean that the resulting value may decrease whilst portfolios more broadly invested might grow. Equity investment: The value of equities (e.g. shares) and equity-related investments may vary according to company profits and future prospects as well as more general market factors. In the event of a company default (e.g. bankruptcy), the owners of their equity rank last in terms of any financial payment from that company.

     

Simon Brazier

Portfolio Manager



Watch the update
Read the update
Morningstar Analyst Rating awarded in June 2018.

Important Information

All information is as at 30.06.18 unless otherwise stated.

*Gross of fees over rolling 3 years. This is an aim and not a guarantee.
†These are internal parameters and subject to change without prior notification.
^Simon Brazier became the portfolio manager on 12.01.15.

Indices are shown for illustrative purposes only, are unmanaged and do not take into account market conditions or the costs associated with investing. Further, the manager’s strategy may deploy investment techniques and instruments not used to generate Index performance. For this reason, the performance of the manager and the Indices are not directly comparable.

If applicable FTSE data is sourced from FTSE International Limited (‘FTSE’) © FTSE 2018. Please note a disclaimer applies to FTSE data and can be found at www.ftse.com/products/downloads/FTSE_Wholly_Owned_Non-Partner.pdf. 

Fund ratings may be provided by independent rating agencies based on a range of investment criteria, and do not constitute investment advice by Investec Asset Management. For a full description of the ratings please see www.investecassetmanagement.com/ratings.

Dynamic Planner® is a registered trademark of Distribution Technology. The Elite Rating™ system is proprietary to FundCalibre Ltd., but should not be taken as a recommendation.