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Investec GSF UK Equity Fund A Inc - News
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Investec GS UK Equity comment - Jun 10
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Monday, 20 September 2010
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Fund Manager Comment
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The UK Equity Fund aims to invest in the best British companies. It holds a substantial stake in today's blue chips - the stocks that make up the well-known FTSE 100 Index - and complements this solid core with a selection of medium sized businesses from the FTSE 250 Index that the Fund Manager believes could be among the success stories of tomorrow.
By combining large and medium-sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks. Bottom-up stock selection remains the Fund's priority and the Fund Manager continues to focus on companies which are considered to offer good value and quality, as well as those that are receiving upgrades to their earnings estimates. The Fund's focus on UK listed companies, however, may result in higher risk if there are problems in the UK compared to other funds with more geographically diversified investments.
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Investec GS UK Equity comment - Sep 09
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Tuesday, 15 December 2009
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Fund Manager Comment
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The UK Equity Fund aims to invest in the best British companies. It holds a substantial stake in today's blue chips - the stocks that make up the well-known FTSE 100 Index - and complements this solid core with a selection of mediumsized businesses from the FTSE 250 Index that the Fund Manager believes could be among the success stories of tomorrow.
By combining large and medium-sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
The Fund Manager structures the portfolio employing Investec Asset Management's proprietary 4Factor investment process which aims to focus on high-quality, attractively valued companies with improving operating performance that are receiving increased investor attention
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Investec GS UK Equity comment - Jun 09
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Sunday, 13 December 2009
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Fund Manager Comment
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The UK Equity Fund aims to invest in the best British companies. It holds a substantial stake in today's blue chips - the stocks that make up the well-known FTSE 100 Index - and complements this solid core with a selection of mediumsized businesses from the FTSE 250 Index that the Fund Manager believes could be among the success stories of tomorrow.
By combining large and medium-sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
The Fund Manager structures the portfolio employing Investec Asset Management's proprietary 4Factor investment process which aims to focus on high-quality, attractively valued companies with improving operating performance that are receiving increased investor attention.
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Investec GS UK Equity comment - Mar 09
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Tuesday, 9 June 2009
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Fund Manager Comment
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The UK Equity Fund aims to invest in the best British companies. It holds a substantial stake in today's blue chips - the stocks that make up the well-known FTSE 100 Index - and complements this solid core with a selection of medium-sized businesses from the FTSE 250 Index that the Fund Manager believes could be among the success stories of tomorrow.
By combining large and medium-sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle tier stocks.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
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Investec GS UK Equity comment - Dec 08
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Friday, 27 March 2009
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Fund Manager Comment
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The UK Equity Fund aims to invest in the best British companies. It holds a substantial stake in today's blue chips - the stocks that make up the well-known FTSE 100 Index - and complements this solid core with a selection of mediumsized businesses from the FTSE 250 Index that the Fund Manager believes could be among the success stories of tomorrow.
By combining large and medium-sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
The Fund Manager structures the portfolio employing Investec Asset Management's proprietary 4Factor investment process which aims to focus on high-quality, attractively valued companies with improving operating performance that are receiving increased investor attention.
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Investec GS UK Equity comment - Sep 08
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Thursday, 27 November 2008
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Fund Manager Comment
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The UK Equity Fund aims to invest in the best British companies. It holds a substantial stake in today's blue chips - the stocks that make up the well-known FTSE 100 Index - and complements this solid core with a selection of medium-sized businesses from the FTSE 250 Index that the Fund Manager believes could be among the success stories of tomorrow.
By combining large and medium-sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
The Fund Manager structures the portfolio employing Investec Asset Management's proprietary 4Factor™ investment process which aims to focus on high-quality, attractively valued companies with improving operating performance that are receiving increased investor attention.
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Investec GS UK Equity comment - June 08
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Monday, 15 September 2008
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Fund Manager Comment
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The UK Equity Fund aims to invest in the best British companies. It holds a substantial stake in today's blue chips - the stocks that make up the well-known FTSE 100 Index - and complements this solid core with a selection of medium-sized businesses from the FTSE 250 Index that the Fund Manager believes could be among the success stories of tomorrow.
By combining large and medium-sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle tier stocks.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
The Fund Manager structures the portfolio employing Investec Asset Management's proprietary 4Factor™investment process which aims to focus on high-quality, attractively valued companies with improving operating performance that are receiving increased investor attention.
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Investec GS UK Equity comment - June 05
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Friday, 29 July 2005
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Fund Manager Comment
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The Fund aims to give you an investment in the best of British companies. It holds a substantial stake in today's Blue Chips - the stocks that make up the well known "FTSE 100" index - and complements this solid core with a selection of medium sized businesses from the FTSE 250 that the manager believes will be among the success stories of tomorrow.
By combining large and medium sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks. Over the last four years, since the current approach was adopted the Fund has not deviated far from the performance of the UK market, but nevertheless built a degree of outperformance by comparison with the average UK All Companies fund.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
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Investec GS UK Equity comment - Mar 05
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Wednesday, 22 June 2005
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Fund Manager Comment
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The Fund aims to give you an investment in the best of British companies. It holds a substantial stake in today's Blue Chips - the stocks that make up the well known "FTSE 100" index - and complements this solid core with a selection of medium sized businesses from the FTSE 250 that the manager believes will be among the success stories of tomorrow.
By combining large and medium sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks. Over the last four years, since the current approach was adopted the Fund has not deviated far from the performance of the UK market, but nevertheless built a degree of outperformance by comparison with the average UK All Companies fund.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
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Investec GS UK Equity comment - Dec 04
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Friday, 28 January 2005
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Fund Manager Comment
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The Fund aims to give you an investment in the best of British companies. It holds a substantial stake in today's Blue Chips - the stocks that make up the well known "FTSE 100" index - and complements this solid core with a selection of medium sized businesses from the FTSE 250 that the manager believes will be among the success stories of tomorrow. By combining large and medium sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks. Over the last four years, since the current approach was adopted the Fund has not deviated far from the performance of the UK market, but nevertheless built a degree of outperformance by comparison with the average UK All Companies fund.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
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Investec GS UK Equity comment - Sep 04
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Tuesday, 2 November 2004
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Fund Manager Comment
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The Fund aims to give you an investment in the best of British companies. It holds a substantial stake in today's Blue Chips - the stocks that make up the well known "FTSE 100" index - and complements this solid core with a selection of medium sized businesses from the FTSE 250 that the manager believes will be among the success stories of tomorrow.
By combining large and medium sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks. Over the last four years, since the current approach was adopted the Fund has not deviated far from the performance of the UK market, but nevertheless built a degree of outperformance by comparison with the average UK All Companies fund.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
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Investec GS UK Equity comment - Jun 04
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Wednesday, 18 August 2004
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Fund Manager Comment
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The Fund aims to give you an investment in the best of British companies. It holds a substantial stake in today's Blue Chips - the stocks that make up the well known "FTSE 100" index - and complements this solid core with a selection of medium sized businesses from the FTSE 250 that the manager believes will be among the success stories of tomorrow.
By combining large and medium sized companies, the objective is to produce performance that is consistent with the trend in the broader market, while retaining the potential to outperform, especially through picking winning middle-tier stocks. Over the last three years, since the current manager became responsible for the Fund and started to apply his strategy, the approach has led the Fund to never deviate far from the performance of the UK market, but nevertheless build a degree of outperformance by comparison with the average UK All Companies fund.
The combination of strength and potential, through the holding of both actual and prospective blue chip stocks, makes the UK Blue Chip Fund an attractive choice for investors seeking to profit from the long-term growth of UK equities.
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Investec GS UK Equity comment - Dec 03
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Thursday, 12 February 2004
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Fund Manager Comment
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The UK stock market is home to both global giants and promising medium sized stocks. Long-term investors are likely to benefit from the attractive pricing of its stocks compared with those in the US, even considering the recent market recovery.
The Fund invests mainly in the blue chip stocks populating the FTSE 100 Index, supplemented with an investment in mid sized companies likely to show above average growth. The Fund aims to buy stocks with attractive values, a good performance history and improving earnings outlook that are attracting increasing investor attention. The Fund has invested in a broad spread of sectors, with a bias towards cyclical, economically sensitive stocks.
The UK economy continues to grow, supported by a strong services sector, a notable recovery in manufacturing production and consumer and government spending. Corporate results have shown a significant improvement, mainly as companies have attempted to cut costs and improve efficiency. Investors will be watching the first quarter earnings season carefully for evidence of better trading and further increases in profits. The fund, directed by its bottom up, proprietary stock picking process, aims to be positioned in companies likely to deliver good performance long-term.
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Investec GS UK Equity comment - Sep 03
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Monday, 10 November 2003
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Fund Manager Comment
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The UK economy continues to grow, supported by consumer and government spending. Though the UK stock market is home to global giants and promising medium sized stocks, its stock prices remain more attractively priced than in the US, despite the recent market recovery. Long-term investors in the UK are likely to benefit from its relative lack of the structural problems and imbalances that mark other major economies.
The fund focuses on medium and large companies, in particular the blue chips populating the FTSE 100 Index. It has outperformed over the past three years through the use of a proprietary bottom-up approach to picking stocks. The fund aims to buy stocks with attractive values, a good performance history and improving earnings outlook that are attracting increasing investor attention. As a result, the fund has invested in a broad spread of sectors, with a particular bias towards cyclical, economically sensitive stocks.
Its investment in UK housebuilders has performed well as these companies have benefited from low unemployment, a strong housing market, low interest rates and the UK's shortage of housing stock. The UK equity market continues to offer value in a long-term context, though further evidence of improving corporate performance and steady economic growth is expected to be required to sustain market strength. Nevertheless, the fund's proprietary, bottom up stock picking process aims to add value by directing its investments to stocks likely to deliver strong performance.
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Investec GS UK Equity comment - June 2003
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Tuesday, 12 August 2003
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Fund Manager Comment
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The UK economy, one of the most resilient of the developed economies, continues to grow, supported by consumer and government spending. The UK stock market is home to global giants and promising medium sized stocks. Stock prices remain more attractively priced than in the US, despite the recent market recovery.
The fund focuses on medium and large companies, in particular the blue chips populating the FTSE 100 Index. It has outperformed over the past three years through the use of a proprietary bottom-up approach to picking stocks. The fund has a relatively sector neutral approach, focused on sectors yielding better valuations and offering encouraging prospects, such as telecommunications, second tier pharmaceuticals and house builders. Its holding in Vodafone has performed well as the share has stabilised and its earnings outlook has benefited from rising revenue per subscriber.
The fund's historic performance has been helped by its focus on attractively valued companies, demonstrating strong track records, improving profit forecasts and attracting investor attention. Going forward, its rigorous bottom-up stock picking aims to continue to add value.
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Investec GS UK Equity comment - March 2003
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Thursday, 8 May 2003
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Fund Manager Comment
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The UK economy has continued to grow steadily and outperform its developed market peers. Sustained consumer spending, encouraged by a strong housing market, has been its main ballast. The UK stock market is home to global giants and promising medium sized stocks. Stock prices are more attractively priced than in the US, but the equity market has also flagged on news of slowing corporate earnings and weak economic data.
The fund focuses on medium and large companies, in particular the blue chips populating the FTSE 100 Index. Though it has not escaped the decline in markets, it has outperformed using an innovative bottom up approach to picking stocks. The fund has taken a relatively defensive approach, focused on sectors yielding better valuations and offering encouraging prospects, such as telecommunications, utilities and construction. Its holdings in the tobacco sector have performed well, unscathed by the legal challenges of its American
peers.
For much of 2002, the fund's performance was helped significantly by its holdings of medium sized stocks. Going forward, its rigorous bottom up stock picking aims to continue to add value.
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Investec GS UK Equity - December 2002
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Friday, 7 February 2003
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Fund Manager Comment
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The fund looks to produce superior returns by investing in the best UK companies. The core of the fund's portfolio consists of blue chip stocks that are components of the FTSE 100 index. The fund also holds a selection of medium sized stocks from the FTSE 250, which are the companies that it believes will have the capacity to be the corporate giants of tomorrow.
By combining both very large and medium sized stocks, the fund aims to produce performance that is consistent with the overall trend in the UK stockmarket, while generating superior returns from the individual situations that we have selected. In selecting stocks it uses a proprietary system which takes into account factors such as valuations, earnings momentum, price momentum and financial strength. It uses quantitative tools to evaluate the positions that the fund is taking relative to the benchmark and to control tracking error
For much of 2002, the fund's performance has been helped significantly by its holdings of medium sized stocks. Going forward, its rigorous investment process aims to continue to add value. The UK stockmarket is home to both global giants with strong franchises and a variety of well-managed groups that have the potential to be the blue chips of the future.
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Investec GS UK Equity comment - October 2002
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Monday, 25 November 2002
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Fund Manager Comment
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The Fund looks to produce superior returns by investing in the best of UK companies. The core of the Fund's portfolio consists of blue chip stocks that are components of the FTSE 100 index. The Fund also holds a selection of medium sized stocks from the FTSE 250: these are the companies that the fund managers believe have the capacity to be the corporate giants of tomorrow. By combining both very large and medium sized stocks, the fund managers aim to produce performance that is consistent with the overall trend in the UK stockmarket, while generating superior returns from the individual situations that the fund managers have selected. In selecting stocks the fund managers use a proprietary system which takes into account factors such as valuations, earnings momentum, price momentum and financial strength. The fund managers use quantitative tools to evaluate the positions that the Fund is taking relative to the benchmark and to control tracking error. For much of 2002, the Fund's performance has been helped significantly by its holdings of medium sized stocks. Going forward, its rigorous investment process should, the fund managers believe, continue to add value. The UK stockmarket is home to both global giants with strong franchises and a variety of well managed groups that have the potential to be the blue chips of the future.
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Investec GS UK Equity comment - September 2002
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Wednesday, 20 November 2002
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Fund Manager Comment
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The Fund looks to produce superior returns by investing in the best of UK companies. The core of the Fund's portfolio consists of blue chip stocks that are components of the FTSE 100 index. The Fund also holds a selection of medium sized stocks from the FTSE 250: these are the companies that we believe have the capacity to be the corporate giants of tomorrow.
By combining both very large and medium sized stocks, we aim to produce performance that is consistent with the overall trend in the UK stockmarket, while generating superior returns from the individual situations that we have selected. In selecting stocks we use a proprietary system which takes into account factors such as valuations, earnings momentum, price momentum and financial strength. We use quantitative tools to evaluate the positions that the Fund is taking relative to the benchmark and to control tracking error
For much of 2002, the Fund's performance has been helped significantly by its holdings of medium sized stocks. Going forward, its rigorous investment process should, we believe, continue to add value. The UK stockmarket is home to both global giants with strong franchises and a variety of well managed groups that have the potential to be the blue chips of the future
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Investec GS UK Equity comment - June 2002
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Monday, 9 September 2002
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Fund Manager Comment
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The FTSE All Share index slipped by 8.6% during June. Like its counterparts elsewhere, it suffered as a result of the revelation that US telecommunications group Worldcom had grossly overstated its earnings. In addition, investors focused on the possibility of a "double dip" in the UK and global economies. In spite of hawkish comments from the Bank of England and the Chancellor of the Exchequer, LIBOR actually fell. Relative to other stockmarkets, the UK was hit hard by these factors. This was partly because of the heavy weighting of telecommunications, media and technology issues, which were especially volatile. In addition, there were substantial declines in the prices of major insurance and asset management groups, whose fortunes are leveraged to the general level of stocks.
Your Adviser believes that the mixed conditions are likely to continue. In this environment, it will be essential for investment managers to add value through careful stock selection: the Fund's disciplined, bottom-up process should serve it well. Earlier this year, the Fund had been focused on very defensive areas. Over the last few months, the Fund has been moved to a more neutral stance. Exposure to industrial cyclicals and oil stocks has been increased, while holdings of pharmaceuticals have been reduced.
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Investec GS UK Equity comment April 2002
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Monday, 10 June 2002
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Fund Manager Comment
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The FTSE All Share index slipped by 2% during April. That it did not fall further was due to the reasonably strong performance of banks, insurance companies and other financial services stocks, which benefited from the general rise in bond prices. Many of the other stocks that gave good returns did so as a result of corporate transactions, such as Shell's take-over bid for Enterprise Oil and the proposed merger of Lattice Group with National Grid.
Around one third of the FTSE 100 stocks fell in price by 5% or more during the month. Leading telecommunications, media and technology stocks, like their counterparts in other countries, were especially weak.
Your Adviser believes that the UK stockmarket is likely to remain in a narrow trading range in the short term. Like other markets, it should benefit from further signs of an economic recovery in the USA and from the recognition that interest rates are unlikely to rise significantly. Previously the Fund had been focused on very defensive areas. Over the last few months, the Fund has been moved to a more neutral stance. Exposure to industrial cyclicals and oil stocks has been increased, while holdings of pharmaceuticals have been reduced.
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Investec GS UK Equity comment - March 2002
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Tuesday, 14 May 2002
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Fund Manager Comment
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The FTSE All Share index rose by 4.2% in March as investors focused on the signs of the accelerating economic recovery in the USA. In the meantime, statistics confirmed that the UK’s economy remains robust. The best performing sectors included cyclical areas such as engineering, media, electronics and chemicals. By contrast, defensive areas such as pharmaceuticals tended to lag.
Over the month the Fund rose, but by less than the overall market. Its performance was held back by defensive stocks such as Unilever and Safeway. Housebuilding stocks, to which the Fund is overweight, also suffered from profit-taking. Stocks that made significant positive contributions to performance included P&O Princess, GKN, MFI and BskyB.
Your Adviser believes that the UK stockmarket is likely to remain in a narrow trading range in the short term. Like other markets, it should benefit from further signs of an economic recovery in the USA and from the recognition that interest rates are unlikely to rise significantly. Previously the Fund had been focused on very defensive areas. Over the last month or so, the Fund has been moved to a more neutral stance. Exposure to industrial cyclicals and oil stocks has been increased, while holdings of pharmaceuticals have been reduced.
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