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The funds set to benefit from the Autumn Statement

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Chancellor Philip Hammond’s commitment to funding various schemes covering infrastructure, disruptive technology, science, innovation and R&D could prove beneficial to UK investors,  Chelsea Financial Services Darius McDermott says, including the Woodford Equity Income and Woodford Patient Capital mandates.

Managing director Daruis McDermott says: “Neil Woodford has a well publicised liking for science research and development and has been a long-term supporter of our universities and fledgling companies.

“The tail of his open-ended fund and his investment trust may well benefit from the increased support and funding for this area of the UK economy.”

Other funds set to benefit include: Man GLG Undervalued Assets; VT Infrastructure Income and Wood Street Microcap.

Man GLG Undervalued Assets has house builders Bovis and Bellway in its top 10 holdings.

He says: “With more money set aside for affordable housing and supporting local infrastructure, house builders should again get a boost.

“Managers Henry Dixon and Jack Barrat have a value style of investing and can have significant weightings in small and medium sized UK companies.”

VT Infrastructure Income is one of several infrastructure funds launched this year. McDermott says its target yield of 5 per cent will appeal to higher-risk investors “looking for more than the 2.2 per cent gross interest promised via the new NS&I product next year, and willing to take on more risk to achieve those potentially better returns”.

Rounding out McDermott’s recommendations is Wood Street Microcap, a highly concentrated, high conviction UK micro-cap fund with a substantial allocation to software and digital businesses.

He says: “The boost (via tax breaks) to smaller companies across the UK will be welcomed after the worries of the Brexit vote.”

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Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Are we setting out for another Tech bubble – or have we all forgotten that disaster? MUch of these high tech firms are all froth with few tangible, concrete assets. What assets (apart from IP and goodwill) dies Snapchat, Facebook etc have? If they don’t have a big cash pile its all froth and promises. So before jumping blindly into this new pool, perhaps it would be best to do plenty of due dilligence.

    This sort of investment is high risk and may appeal to those with plenty of assets who may wish to just dip a toe into these highhly speculative and volatile waters.

    For your average punter – problably not a good idea.

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