Scottish Value Management is offering a 1% discount until 31 January 2000 on UK Growth, its Dublin-...
Scottish Value Management is offering a 1% discount until 31 January 2000 on UK Growth, its Dublin-based Ucits fund. Initial charges for the fund will be reduced from 5% to 4% during the discount period while the 1.25% annual management charge remains unchanged. Commission is 3% with 0.5% trail.
The £17.4m frA rated fund, managed by Colin McLean, is ranked 33 out of 47 in Micropal's offshore Equity UK sector over three years, nine out of 53 over one year and one out of 54 over three months.
McLean said: "The fund's strong performance has been achieved by focusing on two key issues. First, company accounts are rigorously analysed to ensure companies are creating genuine organic growth. This involves assessing the business prospects for the companies rather than just looking at stock market ratios.
"Second, it is important to pay the right price for these businesses. No matter how good the potential, paying too high a price for the shares would destroy value and performance."
The current portfolio reflects a number of investment themes, emphasising areas of growth, rather than just following the economic cycle.
These sectors, such as information technology, are typically under-represented in the main shares indices, according to McLean. He added the portfolio also had a more even spread across large, medium sized and smaller companies than the FTSE All-Share, and is therefore more reflective of the UK economy as a whole.
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