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UK Equities High Alpha Strategy
Key facts*
| Investment objective | The strategy aims to maximise total returns by investing primarily in large cap companies domiciled in the UK |
| Lead portfolio manager | Simon Brazier |
| Benchmark | FTSE All Share Index |
| Performance target | To outperform the benchmark by 3.5% per annum (gross of fees) over rolling 3-year period |
| Expected tracking error | 3-10% |
| Investment universe | All quoted UK companies, predominantly those within the benchmark |
| Number of holdings | Between 50 and 70 securities |
Philosophy
We believe that bottom-up portfolio construction based on fundamental research is the most effective way to generate outperformance. Our ethos of sharing ideas helps us to identify investment opportunities and focus on the most attractive after a process of discussion and debate, whilst a dynamic approach to style allows us to tilt the portfolio bias according to the market cycle.
Process
We carry out our own research and interact closely with both regional equity and global sector teams. This enables us to select the best investment ideas, after a process of rigorous analysis. Portfolios are carefully constructed using mainly bottom-up criteria, but against the backdrop of the insights that come from our macroeconomic and thematic analysis.
*All data as at 31 December 2011. Where references are made to portfolio guidelines or features, these may be subject to change over time and prevailing market conditions. Actual investment parameters will be agreed and set out in the prospectus or formal investment management agreement. Please note that the performance target may not be attained.