Tuesday 26th September 2023, 1 pm – 4 pm
1.00 pm Emma Bird presents Investment Trusts in a Higher Interest Rate World
1.30 pm Company presentation from Impax Environmental Markets plc
2.00 pm Company presentation from Ocean Dial and the India Capital Growth Fund
2.30 pm Company presentation from Polar Capital Global Financials Trust
3.00 pm Company presentation from JP Morgan UK smaller companies (JMI)
3.30 pm Andrew Latto presents Recent Fund Hunting: SAINTS, Nasdaq 100, Gilts & more…
Emma Bird presents ‘Investment Trusts in a Higher Interest Rate World’
Emma Bird, Head of Investment Trust Research, Winterflood Securities
Emma joined the Investment Trust Research team at Winterflood Securities in September 2015, after working for the Wealth Management Association for a year, and became Head of the team in August 2022. She graduated from the University of Nottingham in 2014 with an Economics degree and is a CFA® Charterholder. Emma leads the team’s research on the Property sub-sector and also covers a range of equity investment trusts.
Company presentation by Georgina Brittain and Katen Patel, portfolio managers of JPMorgan UK Smaller Companies (JMI)
Georgina Brittain, managing director, is a senior portfolio manager within the J.P. Morgan Asset Management International Equity Group, based in London. Georgina joined the firm in 1995. She obtained a MA in Classics from the University of Oxford, and earned a Diploma in Law from City University, London. She is a qualified barrister.
JPMorgan UK Smaller Companies Investment Trust plc
This trust aims to give investors access to the fast growing, innovative smaller companies that help drive the UK domestic economy. The trust is managed by a team dedicated to finding the most attractive high quality UK-listed smaller companies.
Investment Objective
Aims to provide capital growth from investing in UK smaller companies by outperformance of the Numis Smaller Companies plus AIM (excluding Investment Companies) Index. The Company will predominantly invest in quoted UK small companies from the Numis Smaller Companies plus AIM (excluding Investment Companies) Index and a rising share price over the longer term by taking carefully controlled risk. The Company has the ability to use borrowing to gear the portfolio within the range of 10% net cash to 15% geared in normal market conditions.
Key attributes:
- Distinctive investment process that focuses on stock characteristics.
- Can include fledgeling and AIM stocks to boost returns.
- Managed by dedicated smaller company experts in JPMorgan’s highly-respected European Equity Group.
- Tight controls to manage the risks of smaller company investing.
Company Presentation – Impax Environmental Markets plc
Impax Environmental Markets plc seeks to achieve sustainable, above market returns over the longer term by investing globally in companies active in the growing Resource Efficiency and Environmental Markets. These markets address a number of long term macro-economic themes: growing populations, rising living standards, increasing urbanisation, rising consumption, and depletion of limited natural resources.
Investors can invest either through the purchasing of shares through a stockbroker, bank, or other financial intermediary, or through several investment platforms.
Jon Forster, Senior Portfolio Manager
Jon co-manages Impax Asset Management’s Specialists and Climate strategies. Specialising in new energy, water, and waste support services, he researches stocks globally with a focus on the industrials and utilities sectors.
He has been part of the Impax team for over twenty years, having first joined in 2000 from Alchemy Partners where he had spent two years providing consultancy work to their portfolio management team. He began his career in 1994 at HSBC Investment Bank working on their acquisitions team.
Jon has a bachelor’s degree in German and Management Studies from Leeds University.
George Barrow presents Polar Capital Global Financials Trust
Polar Capital is a specialist, investment-led, active fund manager who strive to be investment leaders. We provide a highly entrepreneurial environment for outstanding portfolio managers within a structure that offers a level of operational, administrative and marketing support normally found in much larger organisations.
The company prides itself on its collegiate and meritocratic culture where capacity of investment strategies is managed to enhance and protect performance. Since its inception in 2001, Polar Capital has grown steadily and currently has 13 autonomous investment teams managing specialist, active and capacity constrained portfolios, with combined AuM of £19.7 billion (as at 30 June 2023).
Polar Capital Global Financials Trust (PCFT)
Polar Capital Global Financials Trust (PCFT) is the only UK investment trust focused solely on the world of financials, one of the largest sectors globally. The highly specialised investment team actively scours the globe to find the best investment opportunities, investing in both developed regions, such as the US, as well as emerging economies and Asia. The Trust has a dual focus on dividend and capital growth, while its relatively low exposure to UK companies means that it could be a complementary holding to existing UK financial stocks.
George Barrow, Fund Manager
George joined Polar Capital in September 2010 as an analyst on the Financials Team. He is a co-manager on the Polar Capital Financial Opportunities Fund, with John Yakas, and the Polar Capital Global Financials Trust, with John and Nick Brind. He has over 10 years’ experience analysing Europe, Asia and emerging markets. Prior to joining Polar Capital, he was an analyst at HIM Capital from 2008 where he completed his IMC.
Company Presentation – Ocean Dial and the India Capital Growth Fund
Company summary: Ocean Dial is a FCA regulated investment firm specialising in India. We are bottom up investors who seek to deliver superior absolute returns over the long term. We operate in a market with historically strong and consistent earnings growth where elevated volatility has provided regular mispriced entry points. Our Mumbai based team conducts fundamental proprietorial research supported by an investment and operational risk infrastructure combined with a compliance function based in London. Ocean Dial is the Investment Manager for India Capital Growth Fund, a closed ended investment company registered in Guernsey and listed on the Main Market of the London Stock Exchange.
Presenter Bio: Gaurav Narain
is Co-Head of Equities at Ocean Dial, and Portfolio Adviser to the India Capital Growth Fund. He joined Ocean Dial in November 2011 and has been involved with the Indian markets for the past 25 years. He has held senior positions as both a Fund Manager and an equities analyst for New Horizon Investments, ING Investment Management India and SG (Asia) Securities India. He holds a Masters in Finance and Control and a Bachelor of Economics from Delhi University and is based in Mumbai.
Andrew Latto presents Recent Fund Hunting: SAINTS, Nasdaq 100, Gilts & more…
Founder and Editor – Andrew Latto, CFA founded this website with the objective of providing unbiased fund analysis and views. Andrew previously worked at an equity research house and a fund manager and follows the quality investing approach. He aims to use this background in equity research to “look under the hood” and consider the stocks that funds hold. Andrew has eight years experience at an equity research company, four years at a boutique fund manager. Qualifications held: Chartered Financial Analyst (CFA), Investment Management Certificate (IMC), Masters (MSc) Accounting & Finance, Masters (MSc) Economic History, LSE, Degree (BSc) Business Economics.
Founder message: “Stock investing is hard. Investment funds – active or passive – are the most appropriate vehicle for the vast majority of investors. However, fund research is often biased and of mixed quality (link). Fundhunter’s objective is to cover funds in an easy to understand manner.”