A consistent outperformer in UK equities The SWIP UK Advantage Fund has delivered consistent top quartile returns over a five-year period. Peter Cockburn, the Fund's manager, believes that investing in a range of UK equities will boost the Fund's returns by spreading risk and reducing volatility.
Source: S&P, as at October 2007
Source & Copyright: Citywire. Risk-adjusted performance, 30 April 2005 to 30 April 2008
Source and copyright Lipper – A Reuters company. Lipper Leader results for three-year period
The SWIP UK Advantage Fund was highly commended at the Money Observer Awards 2008, acknowledging its consistent high performance.
A rigorous team-based process
Peter is supported by the 13 investment professionals in our UK Equities team, who have an average of ten years’ investment experience between them. They gather information through their own research and through face-to-face meetings with company management. Our view is longer-term than the market’s; this helps us to avoid short-term factors that may cloud our judgement.
Stock picking is the foundation of our approach and the driver of performance. Before Peter invests in a company he develops an understanding of its business model, its competitive advantage and its future strategy. The team builds detailed company-specific financial models to forecast five years of profit and loss, balance sheet and cash flow. Peter uses this to help set a price target for each stock, based on our research and on a fair-value estimate from our Discounted Cash Flow model.
Overall, we look for companies that are capable of growing profits over the long term and where the potential to generate that strong long-term earnings growth is not reflected in a company’s current share price.
Summary – key reasons to invest
99% return over five years – the Fund has consistently outperformed the FTSE All-Share over a five-year period to 30 April 2008.
Diversified returns from UK equities – the Fund aims to deliver long-term capital growth by investing in a broad portfolio of sectors and companies across the UK market. Therefore, it spreads risk and reduces volatility.
Expert investment – Peter Cockburn, manager of the SWIP UK Advantage Fund, has eight years’ experience managing UK equity funds.
A thoroughly researched portfolio – we carry out in-depth research into every company in which we invest. We look at their financial outlook over a five-year period and talk to customers, competitors and suppliers.
SWIP’ commitment – we pride ourselves in listening to our clients and taking note of their requirements. As their needs change, so does our approach.
Past performance is not a guide to future performance.
The value of investments and the income from them can go down as well as up depending on performance. You may not get back your original investment.
As the Fund invests in a concentrated portfolio of holdings, it may be more volatile than other more diverse portfolios.
For more information, please visit www.swip.com
£1bn business since inception
Considered doing so in 2015
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