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*.
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*.
|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%||
Calendar (and Index**) year returns: 9.1%(16.8%); 2015: 6.7%(1.0%); 2014: 6.9%(1.2%); 2013: 39.1%(20.8%); 2012: 22.5%(12.3%).
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. Calendar year performance source: Morningstar, 5 years ending December 2016. Performance is net of fees (I Share class, NAV based, including ongoing charges, excluding initial charges), gross income reinvested. **Index: FTSE ALL-Share TR.
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.
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. If any currency differs from the investor's home currency, returns may increase or decrease as a result of currency fluctuations.
Investment objectives and performance targets may not necessarily be achieved, losses may be made.
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. Derivatives: The use of derivatives is not intended to increase the overall level of risk. However, the use of derivatives may still lead to large changes in value 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.
All information is as at 30.09.17 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.
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.
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 MSCI data is sourced from MSCI Inc. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.
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.
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