View more on these topics


Nils Taube has managed institutional and retail funds since 1969 and has built up a track record of consistent long-term outperformance in the global equity markets, delivering compound annual returns of between 14 and 15 per cent over 38 years. This means that if you had invested £10,000 with him in 1969, it would now be worth in the region of £1.5m.

After being senior partner at stockbroker Kitcat & Aitken, Taube became manager of quoted portfolio investments at J Rothschild Group and later founded THS Partners. He decided earlier this year to start on his own and launched the S&W Taube global fund, in April. It has so far shown a profit of 3.6 per cent to September 20 while most funds have lost between 3 and 5 per cent in this period.

Taube has invested heavily in the oil and commodity sectors and, anticipating the recent market turmoil, has been buying gold shares, which now account for 12 per cent of the fund, and gold bullion exchange traded funds, which make up 8 per cent. He also holds about 33 per cent in energy stocks.

The fund is underweight in commercial banks, diversified financials and consumer discretionary sectors and avoids firms which rely on credit, no matter how sound the investment may appear on paper. Fifteen per cent of the fund is liquid, which allows it to take advantage of investing in shares which have fallen too far.

Taube sees the present euphoria of share buying after the Fed cut in interest rates as temporary and believes that investors will start selling shares again shortly.

This fund should be an outstanding performer and, whatever the state of world stockmarkets, Taube should be able to make money for investors. It is an ideal investment for bigger growth portfolios and all long-term investors. It is a strong buy in the current climate.


Shock resistance

Emerging markets are in good shape to withstand any weakness in the US

Equitable update on Pru transfer

Equitable Life is writing to all policyholders to update them on the transfer of its £1.8bn book of with-profits annuity policies to Prudential.Over the next week, around 400,000 policyholders will get detailed information on the transaction ahead of an extraordinary general meeting scheduled for October 26.All voting members of the society will be invited to […]

Positive Solutions forms new role of mortgage manager

Positive Solutions has appointed Paul Rignall to oversee the development and expansion of its mortgage intermediary business.Rignall joins in the newly created role of mortgage manager to develop an in-house advice and product proposition that will enable Positive Solutions to build on its mortgage business. Positive Solutions claims that one-third of its 1,700 Partners are […]

L&G scraps duty to disclose rule on forms

Clients no longer have to not-ify Legal & General of any changes to their health or circumstances between the time they submit their protection application and when their policy starts.Industry practice requires applicants to advise on changes to answers on their application form until their cover starts. L&G is the first insurer to abolish this […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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