Neptune Russia & Greater Russia Fund A Accumulation
HL comment
Our view on this Fund
The fund made a good start to 2008 although it has suffered heavily in the second half of the year. Robin Geffen visited Russia recently to gain a perspective of the situation. The companies he saw are performing well and meeting their targets for this year and appear to be on course for next. Russia has a very high level of surplus cash of $750 billion in its reserve fund making it extremely cash rich and able to provide finance where necessary.
12-11-2008
Information from the fund manager
Please note: The information in this box has been provided by, and is issued by, the fund manager and not Hargreaves Lansdown.
HL group comment: Neptune
Our view on this Fund Management Group as a whole
Neptune Investment Management was formed as an independent and privately owned company by Robin Geffen in May 2002. Since then, the group has launched a number of core and specialist funds and have built strong track records that compare extremely favourably to their respective peer groups. One of the attractions of the firm is that it has created a company structure where employees can own a stake in the business aligning the goals of the fund managers and staff with those of investors. With excellent performance across some of the funds, we believe the company has bright prospects looking ahead. CF (Capita Financial) is simply the administrator for this fund and has no involvement in the day to day management of the fund.
13-09-2007
HL sector comment: Specialist
Our view on this sector
There is a wide range of funds in this sector with a mix of property, financials, agriculture and single country funds to name a few. The specialist sector has been hit hard in performance terms in recent months as both financials and commodity prices have fallen heavily. There are many quality funds in this sector, therefore investors need to look through the short term performance numbers. Specialist funds tend to be more volatile than broader based funds.
20-11-2008