Insights, views and fund updates

In a repeat of the second quarter, the Fund’s underlying equity portfolio collectively outperformed due principally to exposure to the previously hard hit more cyclical areas. Read more

Given the pickup in utilisation rates across both the demand and supply sides of the economy, it was the more cyclical sectors that fared best – with consumer discretionary, energy and materials stocks performing well. Read more

The Fund benefited once again from its overweight to technology, though stock selection within the sector was also additive. Apple, 3i Group and Phoenix Group were the notable performers over the period. Read more

Technology companies that enable businesses to maintain effective remote workforces, improve digital efficacy and drive operational improvements are showing to be consummate winners. Read more

Stronger performers within the portfolio this quarter tended to be from the healthcare sector which benefited from the re-opening of US hospitals and elective procedures being restarted. Read more

One of the sources of the Fund’s outperformance this year has been the acceleration, due to the COVID crisis, of several disruptive trends. Read more

In a repeat of the second quarter, the Fund’s underlying equity portfolio collectively outperformed due principally to exposure to the previously hard hit more cyclical areas. Read more

We expect continual volatility in financial markets and uncertainty will remain elevated until the healthcare industry develops an effective vaccine. Read more

Long-term holdings such as Kingspan and Infineon remain top performers in slower quarter for equities. Read more

Credit markets continue recovery over Q3, supported by strong technicals and economic improvement. Read more

Fund recycles profits into names left behind in Q2 and Q3 rally, including Charles Schwab. Read more

Global equity portfolio remains key to ongoing outperformance despite tougher September. Read more

Managers constructive on investment grade credit, with technicals set to remain supportive. Read more

Overweight equities and infrastructure stocks remain key asset allocation drivers. Read more

Stock selection among favoured banks, insurance and telecom sectors positive in solid quarter for credit. Read more

Smurfit Kappa and Kone among holdings benefitting from solid first-half results. Read more

Trupanion once again the best performer in slower period for equities. Read more

Familiar names such as Salesforce, Kingspan and Infineon continue to drive returns. Read more

Familiar names such as Salesforce, Kingspan and Infineon continue to drive returns. Read more

Kingspan, Smurfit Kappa and AJ Bell among top holdings in slower quarter for markets. Read more

Testing, Inspection and Certification (TIC) another theme accelerating as Covid-19 recovery continues. Read more

The Fund again benefited from long risk CDX IG, the US investment grade Credit Default Swap index, versus short risk the iTraxx Europe Credit Default Swap index. Read more

At a sector level, the stand-out performer was banking, where a handful of major US bank perpetual bonds produced strong returns. Read more

Energy holdings drag on Fund performance. Read more

FirstRand indicates willingness to resume dividend payments. Read more

William Hill receives second takeover approach. Read more

Using alpha levers – such as inflation-linked securities interest rate curves – to target positive returns while directional exposure through duration is low. Read more

Using alpha levers – such as inflation-linked securities interest rate curves – to target positive returns while directional exposure through duration is low. Read more

Consumer discretionary stocks rally despite weak ECB inflation outlook. Read more

Domino’s Pizza Group and Clipper Logistics rise further amid boost to online sales. Read more

Sumo Group rises on an “extremely positive” video gaming market backdrop due to increased lockdonw demand. Read more

Frenkel Topping gains on acquisition plans and Sumo Group rallies due to lockdown video gaming demand. Read more

Renishaw rallies in September, taking it to the edge of the FTSE100. Read more

Domino’s Pizza Group and Clipper Logistics rise further amid boost to online sales. Read more

Renishaw rallies in September, taking it to the edge of the FTSE100. Read more

While the UK is expected to exit recession this quarter, at least technically, a tough autumn and winter are expected and markets were jittery in September. John Husselbee runs the rule over recent developments on Brexit, tech stocks and the US elections. Read more

Fund benefits from value outperformance. Read more

Travel companies IAG and Carnival see a strong rebound in share prices. Read more

William Hill and Aggreko stand out as long book outpaces market. Read more

AP Moller-Maersk raises guidance following better than expected trading. Read more

Next Fifteen Communications and Clipper Logistics rise on strength of trading during pandemic. Read more

Next Fifteen Communications rises due to strength of trading while WH Smith gains on back of restructuring plans. Read more

Next Fifteen Communications rises due to strength of trading while WH Smith gains on back of restructuring plans. Read more

Cello Health exits fund after takeover, while two new holdings are added: Tribal Group and Yourgene Health. Read more

Fund benefits from takeover of pharmaceutical marketing consultant Cello Health. Read more

Next Fifteen Communications and Clipper Logistics rise on strength of trading during pandemic. Read more

With the UK the latest country to dip into recession, John Husselbee examines how certain stock markets continue to close their ears to economic malaise as they post the fastest recovery in history. Read more

As we emerge from this healthcare crisis, characteristics such as a culture of innovation and a robust balance sheet ensure the companies we invest in are well-positioned to execute as the economy returns to a new normal. Read more

Outperformance of value-style equities allowed for strong performances from the Fund’s banks, diversified financials and insurers. Read more

Outperformance of value-style equities allowed for strong performances from the Fund’s banks, diversified financials and insurers. Read more