TM Fulcrum Diversified Core Absolute Return Fund C GBP Acc

Mixed Asset 0-40% Equity

New for 2018. A team-based absolute return approach

This fund sits in the Investment Association's Volatility Managed sector and aims to achieve positive real returns in all market conditions with lower volatility than equity markets. It targets returns of inflation plus 3 to 5 per cent per year over a rolling five-year period.It is an unconstrained portfolio with a large number of holdings across equities, fixed income, currencies, commodities and alternative investment markets – more than 600 at the end of 2017 – making this a solid core holding for cautious investors.Fulcrum Asset Management was founded in 2004 and claims to have one of the industry's longest track records in multi-asset investing. It takes a team-based approach and does not name managers on its funds. It says members of its team have complementary strengths and are supported by a team of more than 20 analysts.

It points to global economic growth of 4.75 per cent at the end of 2017 as being the strongest since 2010. It expects this supportive backdrop to remain in place well into 2018 and, combined with benign inflation and financial conditions, that it should support global stock markets.The managers have increased overall fund risk by adding to existing themes in the fund – global reflation, excessive Brexit pessimism and Japanese recovery – as well as initiating new holdings in emerging markets.Square Mile added this fund to its Academy of Funds with an A rating in 2016. Senior research analyst Amaya Assan likes the 'impressive credentials of the investment team'. Ongoing charges are 0.9 per cent.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
TM Fulcrum Diversified Core Absolute Return Fund C GBP Acc
Manager
TUTMAN LLP
Type
Open Ended Investment Company
ISIN
GB00BRTNY847
Sector
Targeted Absolute Return
Launched
27/11/2014
OCF
0.85 %
3 Year Sharpe
-0.09
Yield
0 %
Benchmark
Not Benchmarked
The investment objective of the fund is to achieve long-term absolute returns in all market conditions over rolling five year periods, with lower volatility than equity markets and returns in excess of inflation. Potential investors should be aware that there is no guarantee that any particular rate of return will be achieved over these five year periods or over any other time period and your capital is at risk. The investment objective of the fund is to achieve long-term absolute returns in all market conditions over rolling five year periods, with lower volatility than equity markets and returns in excess of inflation. Potential investors should be aware that there is no guarantee that any particular rate of return will be achieved over these five year periods or over any other time period and your capital is at risk.
Holding %
Japan (Government Of) 13.19 %
Japan Bill Zero Cpn 20/Jul/2018 Jpy 50000 8.72 %
Japan (Government Of) 8.16 %
France (Republic Of) 7.97 %
Republic of South Africa 8.75% 6.98 %
French Republic Bill Zero Cpn 26/Sep/2018 Eur 1 6.69 %
France (Republic Of) 6.55 %
Japan (Government Of) 4.47 %
France (Republic Of) 4.17 %
France (Republic Of) 3.41 %
Region %
Sector %
Name
TUTMAN LLP
Address
United Kingdom
UCITS
Yes
Legal Structure
Open Ended Investment Company

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