Castlefield CFP SDL UK Buffettology Fund Institutional Income Shares
Rated Fund 2016-2018. Replicates Warren Buffett's methodology
This fund aims to replicate the investment style of legendary value investor Warren Buffett; it took a Money Observer award for Best UK Growth fund for the third year running in 2017.
Launched in 2011, it has seen its assets rocket to £210 million from just £42 million 18 months ago. Keith Ashworth-Lord, who has run the fund since its inception in 2011, aims to invest in companies with strong balance sheets and the ability to grow over the long term. His style is known as 'business perspective investing', and follows the Buffett principle of buying shares in good businesses for less than the business is intrinsically worth, and ideally holding the shares forever. While shares may not always be kept forever, Ashworth-Lord is investing on a time horizon of at least five to 10 years.
He says that the success of the fund is down to getting the investments right after extensive research. When he finds an attractive investment he invests a meaningful amount in it. He concentrates the fund in relatively few companies — there are currently just over 30 holdings in the portfolio, which he feels he knows a lot about. He firmly believes that investment is a business venture, not a gamble; and that it's the companies owned, not the market, that make money for the investor.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Games Workshop Group PLC||6.01 %|
|Bioventix PLC||4.22 %|
|AB Dynamics PLC||3.94 %|
|Dechra Pharmaceuticals PLC||3.70 %|
|Dart Group PLC||3.66 %|
|Victrex PLC||3.34 %|
|Scapa Group PLC||3.34 %|
|Rotork PLC||3.32 %|
|Liontrust Asset Management PLC||3.25 %|
|Hargreaves Lansdown PLC||3.24 %|
|United Kingdom||100.00 %|
|Consumer Cyclical||28.49 %|
|Basic materials||13.54 %|
|Financial Services||9.79 %|
|Consumer Defensive||6.52 %|
Keith is a graduate of the Natural Sciences with a Master's Degree in Management Studies from Imperial College, London. His career spans over thirty years in equity capital markets, working in company investment analysis, corporate finance and fund management. He is a Chartered Fellow of the Chartered Institute for Securities & Investment and he holds the Investment Management Certificate of the United Kingdom Society of Investment Professionals. In recent years, he had won four stock picking awards conferred by Thomson-Reuters StarMine.
Data provided by Morningstar.
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