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*.
|1 year||3 years p.a.||5 years p.a.||10 years p.a.|
|Investec UK Alpha I Acc Net EOD||13.1%||9.7%||
Past performance should not be taken as a guide to the future, losses may be made. Data is not audited. Source: Morningstar, 30.09.17. Performance is net of fees (NAV based at end of day prices, including ongoing charges), gross income reinvested (net of UK basic rate tax pre 05.04.16) in GBP. From October 2016 end of day prices have been used 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.
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.
*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.
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.
All information is as at 30.09.17 unless otherwise stated.
The Fund’s investment objectives and performance targets will not necessarily be achieved and there is no guarantee that these investments will make profits; losses may be made. Past performance is not a reliable indicator of future results.
Fund specific risks:
Geographic / Sector: Investments may be primarily concentrated in specific countries, geographical regions and/or industry sectors. This may mean the value of the Fund may decrease whilst more broadly invested funds might grow.
Derivatives: The use of derivatives is not intended to increase the overall level of risk in the Fund. However, the use of derivatives may still lead to large changes in the value of the Fund and includes the potential for large financial loss.
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.
FTSE data is sourced from FTSE International Limited (‘FTSE’) © FTSE 2017. Please note a disclaimer applies to FTSE data and can be found at www.ftse.com/products/downloads/FTSE_Wholly_Owned_Non-Partner.pdf