tockbroker Goy Harris Cartwright (GHC) has created the stockpicker fund, an Oeic that will be managed by former Christows manager Tony Craze.
Craze has been a stockpicker and fund manager for almost 40 years and is also a financial commentator for the BBC and Sky News. He joined GHC in 2002.
The GHC fund will have a concentrated portfolio of between 35 and 50 stocks and Craze will run it along the same lines as the individual portfolios he managed at Christows. Craze will not be bound by geographical or sector weightings, although the fund is likely to invest mainly in quoted UK stocks.
Craze will look at individual stocks in terms of three factors balance sheets, management teams and products. He will avoid companies that are in debt, examine the management teams so as to avoid picking a company that could suffer as a result of poor management. He will also look at the company's products to assess whether they will be around in a year's time.
When selecting stocks for the portfolio, Craze will visit the companies on their own premises because he believes this will give a more accurate picture of the company.
This fund could suit investors who are looking to add an aggressively managed fund to their portfolio. The stockpicking approach goes further than some funds in that Craze can invest wherever he thinks opportunities lie.
This could lead to a high concentration in certain areas and limit diversity, especially as the portfolio is small. However, if Craze invests in the right areas, investors could see higher returns than funds which have a larger number of stocks and that are tied closely to a benchmark.