Unicorn UK Growth B Inc
New for 2018. Nimble fund with a tech focus FE Alpha Manager
Fraser Mackersie joined Unicorn Asset Management in 2008 and has been manager of the Unicorn UK Growth fund since 2011, when it was just �6 million in size. It has since grown to �38 million, having doubled assets over the course of 2017. It is a minnow in fund terms, but because Mackersie does not hold more than 1 per cent of the issued equity of any individual stock, he believes his approach is highly scalable.
Since 2011, around 30 per cent of assets have been in the software and computer services sector � where Mackersie continues to find many exciting growth opportunities � compared to an average weight on the FTSE All-Share index of less than 1 per cent. It has been one of the best-performing sectors during this period.
The fund follows a high-conviction, multi-cap approach; its clearly defined strategy identifies innovative companies with exposure to long-term structural growth trends. Its modest size means that even smaller holdings can make meaningful contributions to performance from an early stage.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|First Derivatives PLC||4.13 %|
|Frontier Developments PLC||3.59 %|
|accesso Technology Group PLC||3.45 %|
|GB Group PLC||2.88 %|
|Bodycote PLC||2.80 %|
|4imprint Group PLC||2.76 %|
|Iomart Group PLC||2.68 %|
|Ferguson PLC||2.66 %|
|Hill & Smith Holdings PLC||2.61 %|
|Smith (DS) PLC||2.60 %|
|United Kingdom||94.71 %|
|United States||5.29 %|
|Consumer Cyclical||24.56 %|
|Basic materials||5.80 %|
Data provided by Morningstar.
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