Whats HOT: 'The fund will remain defensively positioned'

UK All Companies is a competitive sector. How do you differentiate your fund from its peers? I believe that the identification of companies capable of achieving sustainable growth is key to delivering good risk-adjusted returns. While the fund sits within the IMA UK All Companies sector, the style in which it is managed is driven by the desire to optimise investment performance, and is not determined by reference to other funds in the sector. The fund aims to invest in companies with the best combination of cyclically-adjusted earnings and high returns on operating capital. I look for...