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Overview
We are long term, active UK equity stock pickers. As traditional UK equity investors we adopt a common-sense approach in what we do – long only, profitable, UK listed, direct equity investment. Our rigorous fundamental research process enables us to identify the very best opportunities within the universe whilst keeping the spotlight on balance sheet quality, business model sustainability and valuation. We apply a naturally sceptical approach to our asset valuation process, maintaining awareness of the bear case scenario and the impact to investor returns. With no intentional style bias our portfolios offer high quality exposure across the capitalization spectrum managed in a collaborative environment from the heart of Leeds, UK.
Our UK Mid Cap portfolios are aligned to the same overarching common-sense philosophy applied across the team. We believe that high quality UK companies generating sustainable cash flows and trading on reasonable multiples offer significant potential to outperform the broader market over the long term.
We remain differentiated with a disciplined focus on the FTSE 250 which we believe offers diverse investment opportunities and exposure to attractive, high-growth companies. Our concentrated approach provides investors with high conviction, pure UK exposure underpinned by the domestic nature of the FTSE 250, and a materially distinct earnings profile to that of the FTSE 100.
Key Information
To grow in value by more than the FTSE 250 (ex-Investment Trusts) Index, from a combination of income and investment growth over a three to five-year period net of fees and costs FTSE 250 (ex-Investment Trusts) Index.
Portfolio characteristics | UK Mid-Cap |
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Objective | Long-Term Growth |
Asset Class | Equities |
Style | Core / Quality |
Investable Universe | UK |
Benchmark | FTSE 250 (ex-Investment Trusts) Index |
Allocation | UK shares listed on the FTSE 250 |
Market capitalisation | Mid-cap |
Number of stocks | 30-50 |
Portfolio turnover | 20-40% |
Inception | July 1999 |
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"Our concentrated approach provides investors with high conviction, pure UK exposure underpinned by the domestic nature of the FTSE 250, and a materially distinct earnings profile to that of the FTSE 100."