FundCalibre - Investing on the go

FundCalibre

Investing on the go gives you direct access to the people who manage your ISA and pensions savings. Our hosts will be interviewing finance professionals on everything from their successes and failures to current ideas and insights. At meetings, before events and even if we bump into them on the street, we'll grab five minutes with these experts to discuss how your own personal finances could be impacted by topics such as US elections, the move from petrol to electric vehicles, the growth in artificial intelligence and robots, and so much more. Our ultimate goal is to bring to life the world of investments and uncover new and exciting opportunities, all while inspiring you to invest and giving you the confidence and knowledge to make the right decisions. To do this we often ask the managers why they are invested in individual companies. This is for illustration only and should not be taken as a recommendation to buy or sell that stock. The fund manager may or may not still own these companies at the time of your listening. For more investment research visit us at www.fundcalibre.com and follow us on twitter and facebook @FundCalibre read less
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317. 20 years of innovation: from healthcare to semiconductors
Ayer
317. 20 years of innovation: from healthcare to semiconductors
Dr. Ian Mortimer, manager of the Guinness Global Innovators fund, discusses the fund’s focus on investing in quality growth companies that are exposed to long-term secular growth themes, rather than early-stage startups. He outlines the fund's nine core themes and explains why a significant part of their strategy involves semiconductor companies, which play a crucial role across various themes. He further explains their balanced approach to managing holdings, emphasising long-term investments and systematic trimming of large positions, like Nvidia, to manage risk.What’s covered in this episode: How do you define “innovation” What themes are in the portfolio? The powerful impact of semiconductorsAre we in a semiconductor super cycle?Why the managers are trimming their Nvidia exposure Is AI a benefit to investors? Is Nvidia’s earning growth healthy?Opportunities in healthcare innovationTwo recent additions to the portfolioMore about the fund: The Guinness Global Innovators fund focuses on innovative and disruptive companies and has identified nine key innovation themes. These themes are advanced healthcare; artificial intelligence and big data; clean energy and sustainability; cloud computing; internet, media and entertainment; mobile technology and the internet of things; next generation consumer; payments and FinTech; robotics and automation. The fund will naturally have a heavy bias in favour of the growth style of investing.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
316. Why quality brands are worth the wait
05-06-2024
316. Why quality brands are worth the wait
In this episode, we explore the intricacies of the Elite Rated Morgan Stanley Global Brands fund. Candida de Silva, portfolio specialist on the fund, provides insights into their strategy of holding high-quality companies with defendable, visible future earnings, emphasising the long-term ownership of these businesses. We discuss the selection of companies, their competitive advantages, and how they adapt to evolving market dynamics while maintaining robust growth.What’s covered in this episode: “We don't rent stocks, we own businesses for the long term”How the portfolio evolves over timeThe growing popularity of healthcare in the portfolioIs anti-globalisation and re-shoring a threat to global brands?How have companies managed inflation?More about the fund: The investment team behind Morgan Stanley Global Brands have a mantra: ‘don’t lose money’, which will possibly be as comforting to investors as the familiar names that can be found in the portfolio. The fund is a very concentrated portfolio of high-quality global companies, with features such as strong network benefits and brands, or licenses and permits that can provide an advantage over competitors. They will also look for companies benefiting from economies of scale and leading market distribution.Disclaimer: The fund mentioned herein is available to UK investors only. All investments involve risk, including the loss of principle. Full details and risks associated with the fund can be found in the fund’s Prospectus at www.morganstanleyfunds.co.uk. The fund is available through your Investment Adviser and applications for shares in the fund should not be made without first consulting the current Prospectus, Key Investor Information Document ("KIID"), Annual Report and Semi Annual Report (“Offering Documents”), or other documents available in your local jurisdiction. This content has been prepared solely for informational purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
315. From murky markets to the stock apocalypse
30-05-2024
315. From murky markets to the stock apocalypse
Alec Cutler, manager of the Orbis Global Balanced fund, discusses the shifting market environment, often referred to as the "four horsemen of the stock apocalypse," and how he navigates through these turbulent times. He provides insights into his contrarian investment approach, thriving in the current murky conditions to identify and capitalise on undervalued opportunities. Explore Alec's perspectives on global markets, specific investment opportunities in the UK and Japan, and the broader implications of trends such as AI and ESG investing.What’s covered in this episode: Why “the sun is setting on Venus” Thriving in a murky environment A contrarian view on UK and JapanPatience is key for fund managers and clientsWhat are the “four horseman of the stock apocalypse” Is gold still a contrarian investment?The portfolios idiosyncratic investmentThe backbone of AI (spoiler: it’s not Nvidia)Why DRAM is important to AIIs ESG investing failing? More about the fund: Orbis Global Balanced scours the world for the best investment opportunities across a number of asset classes including equities, fixed income and commodities. Manager Alec Cutler believes one of the key advantages of the portfolio is the ability to focus on best ideas and making them “fight for capital”, with every holding needing to be an active contributor to the fund.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
314. Connecting the world: digital infrastructure's role in the AI era
29-05-2024
314. Connecting the world: digital infrastructure's role in the AI era
Tom Walker, manager of the Schroder Digital Infrastructure fund, explore the burgeoning sector of digital infrastructure in this episode. He discusses how advancements, particularly in artificial intelligence (AI), have significantly amplified the demand for digital infrastructure. He also outlines the portfolio's composition, emphasising data centres, mobile towers, and fibre networks. Despite challenges like rising interest rates and material costs, Tom highlights that the sector's long-term outlook remains strong due to increasing global connectivity needs sharing two specific stocks that are well-positioned to benefit.What’s covered in this episode: What’s the outlook for digital infrastructure?How has AI increased demand for the sector?The importance of data centres in an AI worldDo high interest rates create a challenge for the sector?What type of companies is the portfolio exposed to?Digital infrastructure in emerging marketsThe significance of smartphonesTwo examples of underlying holdings in the portfolioMore about the fund:Schroder Digital Infrastructure seeks to take advantage of the necessity for a sustainable transition to a digital economy. Managed by Tom Walker and Hugo Machin, the fund invests in around 40 companies across both developed and emerging economies. The managers have over 20 years’ experience investing in digital infrastructure with this fund ideally positioned to tap into the post Covid-world and the exponential growth in the sector needed to provide future global economic growth.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
313. Investing in India's future: manufacturing, digitalisation, and market valuations
22-05-2024
313. Investing in India's future: manufacturing, digitalisation, and market valuations
Mithran Sudhir, client portfolio manager of the Goldman Sachs India Equity Portfolio fund, explores the potential implications of Prime Minister Modi’s anticipated third term on Indian equities. We discuss the ongoing reforms in India's dynamic market, including the 'Make in India' initiative aimed at boosting the manufacturing sector and attracting foreign investment. This episode provides a comprehensive overview of the current state and future outlook of Indian equities, offering valuable insights for investors, while also addressing concerns about market valuationsWhat’s covered in this episode: How do the Indian elections impact markets?What would a Prime Minister Modi win mean?What is the ‘Make in India’ programme?The increase in manufacturing in the countryIncreased opportunities in consumer discretionary and industrialsIs the Indian stock market overvalued?The appeal of financials in IndiaThe digitalisation and formalisation of the Indian economyWhy online payments boost the governments balance sheetThe return of the retail investor in IndiaWhy almost half the portfolio is in SMID companiesMore about the fund: Goldman Sachs India Equity Portfolio's objective is to capture the growth potential of the Indian economy. It is focused on investing in sound businesses of all sizes. Company meetings are a crucial part of the process, and the team's ability to meet companies on the ground in India differentiates it from many in its peer group.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
312. Waiting for the penny to drop on UK smaller companies
15-05-2024
312. Waiting for the penny to drop on UK smaller companies
David Stevenson, co-manager of the WS Amati UK Listed Smaller Companies fund, discusses the current market dynamics and the outlook for UK smaller companies, despite a challenging two-year period marked by receding investor appetite and outflows from small-cap funds. David argues now is a unique entry point for UK smaller company investing, buoyed by recent improvements in relative performance and the potential benefits of lower interest rates. We also cover the surge in M&A activity and share buybacks, underscoring the attractiveness of UK companies for both domestic and international investors.What’s covered in this episode: How have UK companies fared of late?How do interest rates impact smaller companies?Why now is an attractive time for investorsHow prevalent has M&A Activity been?The rise of share buybacks in the UKGetting the domestic investor back into UK equitiesTwo exciting funds today: Alpha Group and TrainlineAre their concerns over liquidity in the fund?Should investors be optimistic on the UK?More about the fund: An unconstrained portfolio, seeking structural UK growth businesses that can grow faster than the economy, this fund is managed by a highly experienced team of small cap specialists. The portfolio of 65-70 companies focuses on structural growth businesses, which the managers’ believe can add value in the under-researched small and mid-cap part of the market.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
311. The AI frontier and today’s investment opportunities
08-05-2024
311. The AI frontier and today’s investment opportunities
Discover the world of artificial intelligence (AI) with Chris Ford, manager of Sanlam Global Artificial Intelligence. With AI dominating conversations globally, Chris sheds light on its evolution and current state. He reflects on the unprecedented advancements in natural language processing and generation, epitomised by technologies like ChatGPT, and the pivotal role they play in reshaping various industries. He also provides insights into the investment landscape, highlighting the diverse range of companies harnessing AI and the importance of valuation discipline.What’s covered in this episode: How AI has evolved over the past decadeThe launch of ChatGPTWhat’s the current state of AI today?Three ways to invest into the AI storyAre their barriers to entry in AI solutions?Indirect plays into the AI theme for an investorHow sectors like travel and agriculture are influenced by AI The significance of AI in the healthcare sectorThe impact on drug discoveryWhat should we expect with the new ChatGPT version?Is AI the next Dotcom bubble? Why having a value discipline is so important What’s the next stage of AI? More about the fund: Sanlam Global Artificial Intelligence fund ‘eats its own cooking’, using an artificial intelligence system to help find companies whose business models are aligned to benefit from this growing theme. The fund is unconstrained in that it can invest in businesses of almost any size and in more than just technology stalwarts; around half of the portfolio can be found in the healthcare and consumer and industrial-related sectors.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
310. Investment strategies for uncertain times
01-05-2024
310. Investment strategies for uncertain times
David Coombs, manager of Rathbone Strategic Growth Portfolio, explains the funds LED (liquidity, equity risk and diversifiers) framework and gives an overview of all areas of the portfolio today and the fund’s positioning. From dissecting geopolitical influences to analysing sectors like defence, MedTech, and retail, David provides valuable insights into the thought process behind managing a diversified multi-asset portfolio in today’s market.What’s covered in this episode: What is the LED framework?What’s your view on inflation at the moment?How has the fund’s positioning changed to combat persistent inflation?When should investors expect rate cuts?Why government bonds over corporate bondsThe return of the 60/40 portfolioHow does geopolitics influence the fund?Why the fund has its lowest weighting to UK equities since launchThe growing importance of MedTechWhy defence companies look attractiveThe appeal of Next and CostcoWhat type of holdings make up the ‘diversifiers’ bucket?More about the fund: The Rathbone Strategic Growth Portfolio focuses not only on returns, but also on risk and correlation. Manager David Coombs uses a disciplined asset-allocation framework, and a forward-looking assessment of correlation, risk and return, as the cornerstone of the investment process. Asset classes are then divided into three distinct categories – liquidity (those that can be bought and sold easily), equity risk and diversified.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
309. The three keys to investing success
24-04-2024
309. The three keys to investing success
The IFSL Wise Multi-Asset Growth fund has weathered various market storms since launch 20 years ago. We explore the challenges of navigating volatile markets, particularly amidst events like Brexit and the Covid-19 pandemic, with co-manager Vincent Ropers. Despite the noise, he finds solace in the abundance of value opportunities for patient investors, highlighting sectors like investment trusts, private equity, biotechnology, and UK equities in this interview.What’s covered in this episode: How market noise impacts fund managementBalancing investment sentiment with investment decisions The benefits of investment trustsRecent challenges within the investment trust sectorHow the fund utilises private equity in the portfolioThe difference between private equity and venture capitalThe appeal of the biotechnology sectorOpportunities in the UK equity marketWhy the manager stays clear of US equity fundsRecent exposure to commoditiesPlaying the theme of decarbonisation in the fundThe significance of value strategies  The key to consistent long-term performance More about the fund: This fund sits in the Investment Association Flexible sector, which means the manager is afforded a significant degree of discretion over asset allocation and is allowed to invest up to 100% in equities. We like the team’s straightforward process and focus on managers with a simple, yet disciplined investment process. The focus on high-quality funds, coupled with strong exposure to investment trusts, offers a valid alternative in the IA Flexible sector. Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
307. The complexity of gold and its all-time high price
28-03-2024
307. The complexity of gold and its all-time high price
Manager of Jupiter Gold & Silver, Ned Naylor-Leyland, looks into the current dynamics affecting the gold market amidst conflicting factors like geopolitical tensions and interest rates. He provides insights into the intricate nature of gold pricing across different currencies, the recent breakout in the gold price including the flow dynamics in the market. Throughout the episode, Ned offers nuanced perspectives on investment strategies and market behaviour, underlining the importance of diversification and strategic positioning in precious metals portfolios.What’s covered in this episode: What’s the current positioning for gold?How does geopolitics influence the price of gold? Can the price of gold go higher?How rate cuts influence the price of goldThe case for owning physical gold in a portfolioIncreased buying in ChinaThe implications of seizing Russian FX reservesHow the Chinese New Year impacted goldThe importance of the breakthrough price of $2,150/ozThe importance of gold minersAn update on silver and how it relates to goldWill the price of silver be more consistent in the future?More about the fund: A truly unique fund, Jupiter Gold & Silver invests in both physical gold and silver bullion, as well as gold and silver mining companies. Manager Ned Naylor-Leyland is a passionate advocate for his asset class and believes investors should strongly consider some gold and silver exposure for their portfolios.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
306. The secrets to long term outperformance in US equities
21-03-2024
306. The secrets to long term outperformance in US equities
Maneesh Bajaj, manager of the Brown Advisory US Flexible Equity fund, shares insights into the fund's philosophy and flexible approach, attributing its long term success. We cover a whistle stop tour of US headlines including the Magnificent Seven, including both Microsoft and Alphabet, the growing role of artificial intelligence across industries, a US election year and two significant sectors for the portfolio: financials and healthcare. What’s covered in this episode: The fund’s outperformance over 1, 5 and 10 yearsThe concentration of the US marketThe long term investment case for MicrosoftThe investment appeal of AlphabetManaging the growth of artificial intelligence in the portfolioIs AI the next dotcom bubble?The fund’s largest weighting: financialsGrowing opportunities in healthcare What an election year means for the fund  More about the fund:This fund has been run by Maneesh Bajaj since 2017. Its strategy is unconstrained, meaning Maneesh is free to select companies from across the market-cap spectrum. This has enabled the fund to become one of the few to regularly outperform the S&P 500 over long periods of time. Supported by a strong team of analysts, the Brown Advisory US Flexible Equity fund has delivered good returns in both up and down markets. A strong candidate for those looking for a core US equity fund.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
305. Why Britain is back in business
14-03-2024
305. Why Britain is back in business
In a special “Spring Budget” feature we’re joined by four fund managers and our very own research director, Juliet Schooling Latter, to take a closer look at UK equities. We discuss what the British ISA could mean for the UK market but, most importantly, what else still needs to be done to improve sentiment and encourage global investors to return. The managers also share where they’re finding the best opportunities in today's significantly devalued environment. Our fund manager guests (in order of appearance) include Matthew Tonge, co-manager of Liontrust Special Situations, UK Smaller Companies and UK Micro Cap; Hugh Sergeant, manager of ES R&M UK Recovery; Richard Hallett manager of IFSL Marlborough Multi-Cap Growth; and Scott McKenize, manager of WS Amati UK Listed Smaller Companies. What’s covered in this episode: What is the British ISA?Will it be a meaningful change for investors? Should pensions be mandated to hold UK equities? How Brexit continues to impact market sentimentWhy now is a good time to back UK equitiesWhat type of companies make up the UK stock market?UK equities are all about risk/rewardWhere to find opportunities todayThe value opportunities on offerWhat other actions should the government take?Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
304. Navigating growth in America and the impact of AI
07-03-2024
304. Navigating growth in America and the impact of AI
Ben James, investment specialist director on Baillie Gifford American, gives insights into why the U.S. remains a prime location for growth investors, highlighting its innovation, deep talent pool, and unique cultural optimism. A significant portion of the podcast is dedicated to the transformative power of Artificial Intelligence (AI) in the investment landscape. Ben shares the team's perspective on AI as a new technology paradigm, its potential implications, and the specific companies in their portfolio benefiting from this disruptive force. The discussion spans AI applications in various sectors, from healthcare to cloud computing, providing listeners with a comprehensive view of its multifaceted influence.What’s covered in this episode: Why the US is a great place for growth investorsIs growth on the rebound? Will growth investing continue? How does the team approach AI in the fundWhy AI is important for growth investors“The battle cry of a generation”AI: should investors be worried or excited?How companies such as Duolingo are embracing AI technologyThe sub themes of artificial intelligence What impact does AI have on healthcare? Opportunities within the healthcare sector for the fundMore about the fund:This fund is one of the purest examples of the Baillie Gifford growth philosophy. The team are looking for the high-performance outliers - those firms that can return at least 150% - and will hold them for the long term to allow them to generate this return. These stocks will tap into the trends of the future, such as the continued rise of online retail, the evolution of transportation and innovative healthcare.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
303. Energising portfolios: investing in clean energy income strategies
29-02-2024
303. Energising portfolios: investing in clean energy income strategies
Will Argent, investment advisor to the VT Gravis Clean Energy Income fund, explores the distinctive features that set this fund apart and provides insights into the resilience of renewable energy assets through economic cycles. We also discuss the challenges faced by energy storage and battery trusts, the compelling valuations in the current market and how power prices influence opportunities and the fund's role in delivering a regular income for investors.What’s covered in this episode: How the fund differs from others in the IA Infrastructure sectorWhy investment trusts suffered recentlyWill we see a bounce back in 2024? How renewable energy assts preform through the economic cycle Why battery storage companies underperformedAre valuations improving for battery storage companies? Valuations for the wider investment universeDo power prices influence the opportunity in these areasHow does the fund generate a reliable incomeHow the fund fits in a wider portfolioMore about the fund:The VT Gravis Clean Energy Income fund taps into the expertise of the Gravis group to create a portfolio of renewable energy and energy-efficiency related projects, that are benefiting from the secular move to more sustainable energy demands. It looks to generate an attractive income, alongside modest capital growth, from a spread of different projects that should deliver defensive, uncorrelated performance.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
302. The “once in a generation opportunity” in the UK market
22-02-2024
302. The “once in a generation opportunity” in the UK market
This episode focuses on the UK market, highlighting the current generational opportunity and overall optimism despite recent challenges. Simon Murphy, manager of the VT Tyndall Unconstrained UK Income fund, shares insights into the fund's emphasis on mid-cap investments, citing attractive valuations resulting from years of negative sentiment. Simon also discusses the challenges faced during his takeover of the fund in February 2020 and concludes with reflections on the UK market, addressing perceptions versus reality and potential catalysts for positive market movement.What’s covered in this episode: The fund’s recent name changeWhy mid-caps make up the primary focus of the portfolio The valuation opportunity in the UK marketStock example: WHSmithA few FTSE 100 holdings within the fundThe yield target for the fundThe opportunities for dividend growthTaking over a fund as Covid hit marketsThe significance of a medium term viewDividend recovery post-pandemicThe continued impact of the Brexit vote for UK equitiesRecognising fundamental problems in UK marketsWhere this fund sits in a wider portfolio for investors More about the fund:The VT Tyndall Unconstrained UK Income fund is a differentiated mid-cap-focused UK income option, offering a unique blend of dividend yield, growth potential, and diversification for investors. We applaud the fund's high active share and low active management charge. The fund has started well despite a difficult period for mid-cap stocks. We will be watching the fund closely in the future.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
301. The opportunities and challenges of AI
15-02-2024
301. The opportunities and challenges of AI
Dave Dudding, manager of the CT Global Focus fund, discusses the S&P 500 reaching 5,000 for the first time and various aspects of the current economic landscape, such as supply chain dynamics, inflation, and the impact of artificial intelligence (AI) on the market. Dave shares insights into specific holdings in the portfolio, including Nvidia, Microsoft, and companies in the pharmaceutical and energy transition sectors. The conversation also covers the opportunities and challenges presented by AI, the growth potential of Asian consumers, and the fund's stance on China and India.What’s covered in this episode: What does the S&P 500 hitting 5,000 mean for the market?…and for investors?Are supply chain issues and inflation still dominating company meetings?The impact of near-shoring and re-shoring The persistence of wage inflation and the impactThe dominance of AI and technologyHow high can Nvidia go?Why Microsoft continues to be an exciting companyThe rise of the Asian consumerMore about the fund:CT Global Focus is a concentrated, high conviction portfolio of best ideas. David Dudding has always had a very clear philosophy and process which he has executed very successfully throughout his career. Since taking on this fund in 2018, David has continued in this success, delivering excellent performance. Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
300. Unique opportunities await in UK equities
08-02-2024
300. Unique opportunities await in UK equities
The VT Downing Unique Opportunities fund has a focus on small and mid-cap companies. Manager Rosemary Banyard covers the challenges faced by smaller companies, changing sentiment, and political influences on the AIM market during this interview. We also explore the impact of M&A activities on the fund's portfolio and turnover. We finish with a case study illustrating the concept of long-term compounding success and the fund's criteria for investing in companies with sustainable moats.What’s covered in this episode: What portion of the fund is currently in small and mid-caps?Is sentiment improving for UK small-caps?Will smaller companies see a rebound in 2024?What is the AIM market?M&A activity in the portfolioCan M&A activity continue for the year aheadTurnover in the fund last yearThe fund’s long-term compounding focusThe company whose share has gone up six-foldWhat’s are sustainable and competitive moats? Case study into A.G. Barr and their “moats”Case study into GlobalData and partial selloffMore about the fund:Launched in 2020, the VT Downing Unique Opportunities fund is managed by experienced professional Rosemary Banyard who has over 30 years of industry expertise. Rosemary seeks companies with sustained competitive advantages, low debt, and strong management. The portfolio is highly concentrated, comprising of just 25-40 names.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
299. Expert insights into the FTSE 250
01-02-2024
299. Expert insights into the FTSE 250
Chris St John, manager of the AXA Framlington UK Mid Cap fund, walks us through the FTSE 250, providing insights into its composition, changes, and dynamics of the mid cap index. We cover the diversity within the index, sectoral makeup and international exposure and well as the potential for M&A activities in 2024. Chris explains why the FTSE 250 is more sensitive to UK economic factors like interest rates and employment levels versus the FTSE 100 and addresses the performance disparities between the two indices.What’s covered in this episode: What type of companies make up the FTSE 250?What differences are their between FTSE 100 and FTSE 250 companies? Is the FTSE 250 international? What opportunities are currently available in the FTSE 250?The importance of price when investing in a companyHow companies look at a corporate levelThe ability to “run winners”Will UK companies continue to be targets for M&A this year?What sector is particularly attractiveIs the technology sector growing in the UK?More about the fund:AXA Framlington UK Mid Cap fund is unashamedly growth-orientated. While it naturally focuses on medium-sized companies, its manager will be pragmatic about including select opportunities from the smaller companies space, as well as letting mid-cap holdings grow. This flexibility to invest in the FTSE 100 and small cap space lets him run winners and invest early in strong growth stories.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.
298. Why Japan is due for a review of investor perception
25-01-2024
298. Why Japan is due for a review of investor perception
Richard Kaye, manager of Comgest Growth Japan, covers a range of topics relevant to investors today, beginning with insights into ongoing reforms at the Tokyo Stock Exchange, emphasising the need for genuine change driven from within companies.The discussion then shifts to the inflation outlook for 2024, the irregularity of the yen's situation and what these two things mean for foreign investors. Richard explains why the fund has roughly 20% in semiconductors and concludes with reflections on the Nikkei's success, foreseeing continued momentum into 2024.What’s covered in this episode: What are the Tokyo Stock Exchange reforms? …and what do they mean for investors?Japan’s inflation story and why tides may be turningWhat does the weak yen mean for foreign investors? Why is the weak yen irregular? The funds exposure to semiconductors Why semiconductor companies are more than just artificial intelligence Can momentum in Japan continue into 2024?How quality growth companies are positioned More about the fund:Comgest Growth Japan is a concentrated portfolio of only 30-40 high quality long-term growth companies that are either head-quartered, or carrying out their predominant activities, in Japan. The managers believe that Japan is full of under-researched companies with great capital discipline, barriers to entry and growth. Their mission is to find them.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.