Hall manages the Rensburg UK select growth trust, which is still comparatively small at under 300m and is therefore flexible enough to invest in small, profitable companies as well as big firms. Hall’s normal aim is to invest one-third each in large caps, mid-caps and smaller companies although recently he has taken profits on mid-caps and increased his exposure to the other two sectors.Unlike a lot of other fund managers, if Hall cannot find stocks which are undervalued, he is prepared to keep cash amounts of up to 25 per cent. The fund is the top performer in the S&P UK growth sector since its launch in September 2001 to October 1 this year. It should be held for at least three years as it sometimes takes time for profits to work through. Hall believes in a keeping concentrated portfolio of between 50 and 70 stocks and takes little notice of benchmarks. His sector spread is very wide but one area which has been particularly beneficial to him over the past two years has been real estate. At present, his bigger holdings include BP, GlaxoSmithKline, Vodafone and Shell but he also has substantial holdings in smaller companies such as Torex, the Grainger Trust and United Business Media. Over the past three years to September 1, he has outperformed the FTSE All-Share index by over 35 per cent, being up by over 79 per cent. This is certainly a fund to strongly consider for all growth portfolios.
New Star’s five funds of investment trusts have returned between 45 and 84 per cent in the two years since it bought the funds from Exeter.<
Standard Life is recommending that discounted gift trusts should be underwritten to prevent problems for the relatives of clients if they die early. The inheritance tax planning tool enables clients to invest money in a trust while taking an income. If the client dies within seven years, the discount – the cost of the income […]
Last week was a little bumpy for markets but, buoyed by a positive reaction to the appointment of Ben Benanke as Alan Greenspan’s replacement, shares got off to a better start this week. Enthusiasm faded fast, however, with bulls and bears fighting for dominance as the week progressed. It paints a confusing picture for investors.
The Association of Mortgage Intermediaries has pitched into the debate on the cost of mortgage regulation, demanding that the FSA carries out a thorough assessment of the regulatory impact on the market. Director Chris Cummings makes his comments in a Council of Mortgage Lenders’ report which puts the one- off cost of mortgage regulation at […]
The manager of the Artemis Income Fund talks about where – and how – he has found his “two or three” good ideas in 2015, and gives his outlook for dividends in the future.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]