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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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£7 050 000 |
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Sector Rank:
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13 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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203 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 R15 614 at 31 Mar 2004 |
((7.92)% annual compound return)
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| R5000 per month since 31 Mar 2001 was worth R154 631 at 31 Mar 2004 |
((10.06)% 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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| Chris Rodgers |
| 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 concentrated in 40 to 60 large and mid-sized companies, although there is the flexibility to invest significantly in smaller companies.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: |
10 Aug 1998 |
| Holdings: |
41 |
| 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 Dec 2003
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Share (Sector)
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Value
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% of fund
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| BPAMOCO (Energy) |
£652 324 |
9.01% |
| VODAFONE (Telecom) |
£650 876 |
8.99% |
| HSBC (Financial Services) |
£649 428 |
8.97% |
| GLAXOSMTHKLNE (Healthcare) |
£486 528 |
6.72% |
| ROYALBNKSCOT (Banks) |
£362 000 |
5.00% |
| SHELL (Energy) |
£320 008 |
4.42% |
| ASTRAZENECA (Healthcare) |
£293 220 |
4.05% |
| BARCLAYS (Banks) |
£254 848 |
3.52% |
| LLOYDS TS (Financial Services) |
£206 340 |
2.85% |
| BAAPLC (Cyclical Goods & Services) |
£198 376 |
2.74% |
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TOTALS
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£4 073 948
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56.27%
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