View more on these topics

Julian Gibbs

Stuart Sharp of Rensburg runs two smaller companies funds. He has been managing the UK smaller companies fund for nearly 10 years while his other fund, the UK microcap growth trust, was launched around 18 months ago.

Both are top performers and should continue to be UK equity funds that every IFA should consider.

Sharp is one of the most dedicated fund managers in the industry and his long-term performance is in the top 10 of all the 200 or so UK equity funds with a 10-year record.

The UK smaller companies fund has outperformed the average smaller companies fund by more than 150 per cent over 10 years and is the top performer of all this year. The UK microcap growth fund, which is rather more risky and is not being marketed at present, is up by over 50 per cent.

The smaller companies fund is of manageable size at £52m, so Sharp still has the flexibility to invest in some excellent very small companies. Around 22 per cent of his holdings are Aim companies, about 16 per cent in oil and gas, with the balance of the portfolio widely spread. Cairn Energy and Burren Energy are the only shareholdings over 2.5 per cent of the portfolio.

Sharp and his team visit over 300 companies annually to develop stock ideas. The key factors he looks for are confidence in the management, directors who place a strong emphasis on building shareholder value and the dynamics of the firm&#39s business environment. He believes that all the economic evidence points to a modest recovery.

Sharp thinks there are many good investment opportunities in the smaller companies sector. I am expecting his two funds to be among the top 10 performers over the next year or two. I recommend these funds as part of a portfolio for all UK equity investors.

Recommended

Chilton on Mortgages

We are in the closed-period run-up to M-Day, the cracks are really beginning to show in certain of the market&#39s participants&#39 systems. We have seen at least two lenders effectively withdraw from new lending to enable them to focus on getting their systems and particularly KFIs ready for M-Day. Nationwide is not taking on any […]

Commanding lead for HBOS in loan league

HBOS continues to dominate the mortgage lending league with takeover target Abbey still in second place, according to the CML&#39s annual list of the biggest mortgage lenders. The CML estimates that HBOS&#39s market share of lending is 26 per cent while Abbey is second with 10.7 per cent. An Abbey takeover by HBOS would result […]

Wig offers business invitation

The Women&#39s IFA Group is inviting IFA business owners to attend a forum with members of the Government&#39s Small Business Council on September 29th. WIG&#39s chairwoman Fiona Price has been appointed to the non-departmental body which is made up of business people. The forum is an opportunity for IFA business men and women to question […]

MCCB probe finds that lenders do not try to sway borrowers

The Mortgage Code Com-pliance Board has found that consumers are gen-erally satisfied with the level and type of advice they are getting from mortgage firms. The MCCB&#39s research among 200 new mortgage borrowers found no evidence of lenders influencing customers to increase their borrowing. Only 13 per cent borrowed more than they had intended, 61 […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com