Who is it for
Ardevora Global Equity
Invests in undervalued companies globally, but is also able to ‘short’ shares that the managers believe will go down in value.
Seneca Global Income and Growth
Targets total return and is cautious in its asset allocation.
LF Miton UK Value Opportunities
Invests in UK companies of all sizes which its managers believe are undervalued and likely to produce superior capital growth.
SLI Global Smaller Companies
Provides exposure to faster growing smaller companies worldwide, including in the UK.
HSBC FTSE All Share Index Ret Acc
Tracks the performance of the FTSE All Share Index.
Old Mutual Global Equity
Highly diversified global fund that adopts a pragmatic and multi themed approach.
Manager Ezra Sun has generated strong performance over a number of years.
Why these funds were selected
At the base of the portfolio is a holding in HSBC FTSE All Share Index fund which provides investors with broad exposure to UK companies of all sizes and, being a passive fund, this also avoids the risk of choosing the wrong investment manager. CF Miton UK Value Opportunities aims to provide exposure to undervalued companies that produce strong growth, although we have reduced our holding because of a manager change. The largest part of the portfolio is invested in four global funds with different strategies to provide diversification and maximum scope for gains. Old Mutual Global Equity has a highly diversified portfolio with no style bias, and invests where the managers see prices rising. Ardevora Global Equity invests in undervalued companies globally, but is also able to ‘short’ shares that the managers believe will go down in value. Seneca Global Income & Growth Trust's shares trade at a manageable premium of 0.7%, targeting total return and has a cautious asset allocation , while SLI Global Smaller Companies has a superior performance profile to the F&C Global Smaller Companies trust it replaces. To top it off, there is a holding in Veritas Asian. It's arguably a riskier option but manager Ezra Sun has generated strong performance over a number of years and the fund has been a winner in our annual awards for the past two years.
Model Portfolio Echo performance 31 July 2018
|Total return (%) over:|
|1 mth||6 mths||1 year||3 yrs||5 yrs||Inception|
|FTSE All Share||1.3||5.0||9.2||30.2||44.9||88.5|
|FTSE UK Private Investor Growth||2.3||4.0||8.4||35.4||53.7||93.4|
STANDARD LIFE INVESTMENTS GLOBAL SMALLER COMPANIESJune 2018
As part of portfolio rebalancing housekeeping, reduced holding by 5 per cent to 18.
SENECA GLOBAL INCOME & GROWTHJune 2018
Holding boosted by 5% to help rebalance portfolio.
F&C GLOBAL SMALLER COMPANIESJanuary 2018
SLI GLOBAL SMALLER COMPANIESJanuary 2018
The Standard Life Investments fund has a superior to performance profile to the F&C trust it replaces.
RIT CAPITAL PARTNERSJanuary 2018
SENECA GLOBAL INCOME & GROWTH TRUSTJanuary 2018
Seneca shares trade at a much more manageable premium of 0.7% compared to RIT Capital Partners.
CALEDONIA INVESTMENTSJanuary 2017
RIT CAPITAL PARTNERSJanuary 2017
We believe this trust will be a good core holding for the higher risk portfolios.
CF MITON UK VALUE OPPORTUNITIESJuly 2016
Holding reduced because of manager change.
BLACKROCK WORLD MININGJanuary 2016
Trust's performance hit by failed investments and falling commodity prices.
ARDEVORA GLOBAL EQUITYJanuary 2016
To gain from fund's global approach and the fact that it can invest for the long term but also sell stocks short in order to take advantage of falling values.