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Tailored for investment professionals this site provides information on our products, strategies and services. Please remember capital is at risk and past performance is not a guide to the future.

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UK Special Situations Fund

A value-driven, contrarian Fund that aims to provide investors with attractive long-term returns by investing in undervalued, out-of-favour equities with future growth potential. The Fund could be ideal to blend with other UK equity funds which adopt different investment styles, as part of an overall equity portfolio.

Reasons to invest

The Investec UK Special Situations Fund is managed by Alastair Mundy and his Value team using a contrarian approach to value investing.

  • Uses a bottom-up stock selection process investing in undervalued, out-of-favour equities with strong balance sheets. 
  • A concentrated portfolio sourced predominantly from the largest 350 UK-listed stocks, but diversified by industry and sector. 
  • Equities are typically held for four to five years, seeking to maximise their recovery potential. 
  • Stocks must have fallen by at least 50% in the last five years relative to the market in order to be considered for inclusion in the portfolio. 
  • Could be suitable as a core UK equity fund in a portfolio to blend with other equity funds which adopt different investment styles.

 

Strong long term performance

The Fund has a strong long-term track record, with a relatively low historical correlation to the average fund in the sector.

 

Past performance should not be taken as a guide to the future, losses may be made. Data is not audited. Source: Morningstar, dates to 30.09.17, NAV based, income reinvested (inclusive of management fees but excludingany initial charge) net of UK basic rate tax, in GBP. Sector rankings based on IA OE UK All Companies. 

 

How do we identify contrarian, value stock opportunities?

The Investec UK Special Situations Fund takes a rational approach to investing in an (often) irrational market place.

 

This graph is for illustrative purposes only, there is no guarantee that investments will make a profit.

Alastair Mundy

Portfolio Manager

 

Morningstar Analyst Rating first awarded in February 2017.

Important information

Dynamic Planner® is a registered trademark of Distribution Technology.

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.

Charges from capital: For Inc-2 shares classes, expenses are charged to the capital account rather than to income. This has the effect of increasing income (which may be taxable) whilst reducing capital to an equivalent extent. This could constrain future capital and income growth.

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.

Indices:

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