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Ranking
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Sector:
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UK-Equity-General |
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Size:
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£168 050 000 |
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Sector Rank:
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7 out of 13 |
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(lump sum over 3 years to 31 Mar 2004)
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Overall Rank:
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142 out of 243 |
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(lump sum over 3 years to 31 Mar 2004)
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| R20000 invested on 31 Mar 2001 was worth R17 416 at 31 Mar 2004 |
((4.51)% annual compound return)
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| R5000 per month since 31 Mar 2001 was worth R160 028 at 31 Mar 2004 |
((7.75)% annual return compounded monthly)
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| Please note that offshore fund performance figures are calculated from NAV prices (ie, equivalent to sell-to-sell) and therefore not directly comparable to domestic fund performance figures on this site. |
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Management
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| Robert Morris |
| Robert in located in London |
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Focus and Objective
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This is a growth-oriented fund investing in UK companies. Investments will be well diversified and tend to be in large and mid-sized companies, although there may be some smaller-company exposure.The team uses top-down analysis from the HSBC Global Investment Strategy Group and combines this with bottom-up research by fund managers and analysts. Fund composition is determined by analysis of the business cycle to identify those sectors that offer value relative to the market. The team can therefore switch between a value and growth bias to suit market conditions. The principal factor that drives stock selection is sustainable competitive advantage: the team aims to find those companies that have lower costs, better technology, superior management and dominant distribution, preferably companies with many or all of these attributes.
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Technical overview
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| Formation Date: |
28 Feb 1990 |
| Holdings: |
76 |
| Original Price: |
100.00 |
| Pricing System: |
Forward |
| Base Currency: |
£ |
| Domicile: |
Luxembourg |
| Rollup Fund: |
No |
| Benchmark: |
FTSE All-Share index |
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Top holdings on 31 Mar 2004
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Share (Sector)
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Value
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% of fund
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| HSBC (Financial Services) |
£14 149 810 |
8.42% |
| VODAFONE (Telecom) |
£11 914 745 |
7.09% |
| BPAMOCO (Energy) |
£10 267 855 |
6.11% |
| GLAXOSMTHKLNE (Healthcare) |
£8 268 060 |
4.92% |
| ROYALBNKSCOT (Banks) |
£7 780 715 |
4.63% |
| ASTRAZENECA (Healthcare) |
£5 024 695 |
2.99% |
| BARCLAYS (Banks) |
£4 638 180 |
2.76% |
| SOUTHSTAFFORD (Goods & Services) |
£4 167 640 |
2.48% |
| BTGROUP (Goods & Services) |
£3 898 760 |
2.32% |
| SHELL (Energy) |
£3 814 735 |
2.27% |
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TOTALS
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£73 925 195
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43.99%
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