MI Chelverton UK Opportunities Fund
The Fund aims to provide long term capital growth.
The Fund will invest at least 80% of the portfolio in UK companies that aim to provide capital growth. These will be either fully listed on the London Stock Exchange or listed on AIM (The London Stock Exchange’s international market for smaller, growing companies) and which are domiciled, incorporated or have a significant part of their business in the UK.
The Fund may also invest up to 20% in other transferable securities, money market instruments, warrants, convertibles, cash and near cash deposits.
The Investment Manager aims to identify UK companies which show good medium to long-term growth potential, or which appear to be undervalued.
The Fund is actively managed. This means the Investment Manager uses their expertise to pick investments to achieve the Fund’s objective.
The Fund will invest in a portfolio of between 30 and 55 stocks reflecting strong investment opportunities and is not constrained by size, industry or sector.
During the recovery and expansion phases of an economic cycle the Fund will have more investments in small and medium capitalised stocks and so the number of stocks within the Fund will be towards the upper end of the range. During the slowdown and recession phases of an economic cycle the Fund will hold fewer but larger and more economically defensive stocks.
The Fund will only use derivatives (financial instruments whose value is linked to the rise and fall of other assets) for the purposes of efficient portfolio management, with the aim of managing risk and cost.
