Old Mutual North American Equity
The managers behind this fund, launched back in 1985, are Ian Heslop, Amadeo Alentorn and Mike Servent. They in turn are supported in the running of the fund by a team of three.
Their objective of capital growth through investing in North American stock markets is achieved by assessing companies against a range of criteria, including stock price valuation, balance-sheet quality, growth characteristics, efficient use of capital, analyst sentiment and supportive market trends.
The fund currently has a bias to the information technology sector, which accounts for 18.5 per cent of the portfolio, although healthcare is not far behind at 15.5 per cent.
This fund has delivered a top-quartile performance against the IMA North America sector over one, three, five and 10 years, and has outperformed its benchmark, the MSCI North America index, over three, five and 10 years. It has generated a five-year total return of 105.83 per cent, compared to a return of 82.07 per cent delivered by the index.
What the judges say
The judges agreed this manager’s funds were very impressive and the only quantitative funds they would buy.
Club members
JPM US Select
Legg Mason Capital Management Opportunity
Legg Mason ClearBridge US Aggressive Growth
North Atlantic Smaller Companies
In numbers
£475.8m
Fund size
141.81%
Five-year actual return
1.70%
Ongoing charges
