UK Equity Fund

Fund Objective

The Fund’s investment objective is to achieve capital growth over the medium term (3-5 years) by investing at least 80% in the shares of UK companies included in the FTSE All-Share Index.The Fund’s performance target is to outperform the FTSE All-Share Index (the "Index") over rolling 5-year periods.  For further information on the Fund's index, please refer to the Prospectus, available via the fund information section of this website.

Fund manager

Joe joined the RLAM equity team in August 2013 as a result of acquisition of The Co-operative Asset Management by Royal London. Joe was at The Co-operative Asset Management for over 20 years and after starting as an Equity Analyst went on to manage an assortment of UK funds such as a Growth Unit Trust to the Society’s Life fund. At Royal London Asset Management Joe is currently managing a number of retail funds, such as RL UK Growth Trust. Joe is an Associate of the Society of Investment Professionals.


Investment approach

The manager combines both top down and bottom up analysis to forecast the prospects for a company’s short and long-term profit growth in order to find the most attractive investment opportunities.

The majority of stocks in the portfolio will comprise companies that have strong market franchises that the manager believes will enjoy above average profit growth over the medium term. The manager seeks companies that are growing their cashflow in order to fund sustainable growth rate above the market. The manager looks closely at the dynamics of how expectations for profits will change to identify those candidates that he expects to surprise.

There are three main elements to the Fund manager’s process; understanding the macro economic backdrop, spotting changes in earnings momentum, and identifying changes in company strategy or market positions.

Product Risk Warning

Past performance is not a guide to future performance. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. For funds that use derivatives, their use may be beneficial, however, they also involve specific risks. Derivatives may alter the economic exposure of a fund over time, causing it to deviate from the performance of the broader market.