The fund, which is managed by Felix Wintle, has been a big success in the US market over the past five years having outperformed the S&P 500.
Analyst Stuart Goodwin says: “Felix Wintle is prepared to change his style to accommodate the current market conditions. Keen to take advantage of short term opportunities he is using 40 per cent of the portfolio for shorter term trading ideas. The remaining 60 per cent of the portfolio is used as a long term core.
“The success of this fund so far is partly down to Neptune and their group views. They were one of the first to realise banks were in trouble, a view taken across all of their funds that proved correct. They have made the right sector calls time and time again, a main reason why we have faith in their ability. In addition 75 per cent of the company is owned by staff and directors, a real incentive for sensible management and long term growth.”