Stick loses OBSR rating

The fund previously had its A-Rating suspended after Stick announced his intentions to reshape the portfolio after a period of sustained underperformance. The fund is currently 23pc below the IMA UK All Companies sector average of -13pc at -36pc (bid-to-bid, according to Lipper, as at 27/06/08). Stick manages the fund on a 'value' basis, an investment style that has, until recently, generally outperformed 'growth' funds. Stick has been open about the fund's poor performance and at recent IFA roadshows has been keen to highlight the work he is conducting to ratify the situation and better...