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David Kempton: 7 magnificent funds for a tough 2017

Our experienced investor columnist has his annual brainstorm with the Hawksmoor investment team and returns with some fund tips.

 
David Kempton: 7 magnificent funds for a tough 2017

Sweet fund picks

I am a director of Hawksmoor Investment Management and every March, I meet the managers of their Vanbrugh and Distribution funds and challenge them to tip a fund for the year ahead.

The winner will be awarded a small bar of Toblerone and the loser a Brussels sprout. 

I emulate Eddie Jones here, England’s rugby coach, who also manages a very successful team, and wards a chocolate bar to a player who has performed something outstanding in the game. I like this contrast to Premier League footballers who for similar feats are awarded thousand of pounds.

The rules of the game dictate that every fund choice must be a holding in either of the Vanbrugh or Distribution funds, both of which, as cautiously managed funds, have had outstanding years with exceptionally low volatility.

All the funds chosen in 2016 continue to offer value with good diversification benefits and remain holdings within the Hawksmoor funds, with the exception of Prusik Asia.

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10 comments so far. Why not have your say?

Micawber

Mar 14, 2017 at 11:19

Wasn't Impact the one whose tenants were the same as the new IT's floaters?... Rather cosy relationship to fund their buildings?

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Jon Snow

Mar 15, 2017 at 00:23

Why offer up the FTSE All Share as the benchmark for these specialist ITs.

I haven't done the numbers but I'd be pretty confident an equal value holding of the 7 won't have done much different to VWRL over the last year.

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Trevor Pick

Mar 15, 2017 at 11:57

Why is there no info.of Polar Capital UK Value Opportunities on the citywire site ?

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chubby bunny

Mar 15, 2017 at 18:54

@Jon Snow - Just ran it through Trustnet: an equal weighted portfolio of these 6 picks outperformed VWRL by 7.7% since 14/03/2016.

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Jon Snow

Mar 16, 2017 at 01:50

CB I stand corrected. You deserve an extra carrot.

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Jon Snow

Mar 16, 2017 at 01:54

CB is it 6 or 7 funds.

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chubby bunny

Mar 16, 2017 at 17:56

Six for last year, seven this year.

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chubby bunny

Mar 16, 2017 at 18:02

Graph of equal weighted portfolio (blue) vs. VWRL (red) - s14.postimg.org/kbygbjjo1/vwrl.png

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Jon Snow

Mar 16, 2017 at 18:56

CB, thanks for that graph.

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david rogers

Mar 21, 2017 at 17:47

any particular reason for dropping Prusik? It is not easy to buy so perhaps that is the reason.

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Look up the funds

  • CF Ruffer Gold O Acc
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  • Guinness Asian Equity Income X GBP Acc
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  • Prusik Asia Fund A
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  • Old Mutual Gold & Silver R GBP
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  • Polar Capital UK Value Opportunities I GBP Acc
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  • Hermes Asia ex Japan Equity F GBP Acc
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  • Schroder European Alpha Inc A Acc
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  • Polar Capital Biotechnology R GBP
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  • CF Miton UK Value Opportunities Ret A Acc
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  • MI Hawksmoor Vanbrugh A Inc
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  • MI Hawksmoor Distribution B Acc
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Look up the fund managers

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