Factsheet: Old Mutual UK Dynamic Eq R GBP Inc

UK Growth

Rated Fund 2016-2018. Can offer some protection against a market correction

Old Mutual UK Dynamic Equity was highly commended in the Larger UK Growth Fund category of Money Observer's fund awards in both 2016 and 2017.

Managed by Luke Kerr since 2009, it targets capital growth through investment in small and medium-sized UK companies. Kerr looks for strong, fast-growing companies whose shares he expects to rise in price, but he can also 'short' stocks he believes are going down in price. This gives the fund an advantage in volatile market conditions.

Kerr says the difference between his fund and traditional funds is that while others are typically 90-100 per cent invested in shares, he can have as little as 60 per cent invested, with the remainder in cash.

He can then use up to 30 per cent of the fund to take short positions in stocks that he thinks will fall in price and thereby provide him with a positive return. This means that the fund can be anywhere between 30 and 100 per cent exposed to equities.

So if he believes the market will go up, the fund will behave much like a traditional fund and have little or nothing in short positions; if he believes it will go down, he can materially reduce the fund's downside in a significant market correction.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Old Mutual UK Dynamic Eq R GBP Inc
Manager
Old Mutual Global Investors (UK) Limited
Type
Open Ended Investment Company
Sector
UK All Companies
Launched
06/30/2009
Fund managers
Luke Kerr
OCF
1.07 %
3 Year Sharpe
1.20
3 Year Alpha
11.47
Yield
0 %
Benchmark
FTSE 250 Ex Investment Trust TR GBP
ISIN
IE00BLP59769
The investment objective of Old Mutual UK Dynamic Equity Fund is to achieve capital appreciation by taking long and short positions principally in UK equities outside the FTSE 100 Index. Old Mutual UK Dynamic Equity Fund will aim to achieve its investment objective by investing in equities listed on Recognised Exchanges. Old Mutual UK Dynamic Equity Fund may also invest in equity-related securities (including preferred stocks and convertible bonds) and other collective investment schemes (including money market funds) each of which are consistent with the investment objective and policy of the Old Mutual UK Dynamic Equity Fund and comply with the requirements of the Central Bank. Investment in other collective investment schemes will not exceed 10 per cent.
Holding %
Just Eat PLC 7.01 %
Paysafe Group PLC 6.99 %
Melrose Industries PLC 5.18 %
Ascential PLC 4.92 %
Micro Focus International PLC 4.73 %
boohoo.com PLC 4.26 %
RPC Group PLC 3.73 %
JD Sports Fashion PLC 3.27 %
Fevertree Drinks PLC 3.25 %
St James's Place PLC 2.96 %
Region %
United Kingdom 100.00 %
Sector %
Industrials 26.17 %
Consumer Cyclical 25.58 %
Technology 17.68 %
Financial Services 12.98 %
Healthcare 5.86 %
Consumer Defensive 5.52 %
Name
Old Mutual Global Investors (UK) Limited
Address
EC4V 4AD, London, United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

Managers

Luke Kerr
Joined 06/30/2009

Data provided by Morningstar.

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