Investec Balanced Managed A Income Net

Sell : 73.68p | Buy : 73.68p | down 0.18p
Last valuation as at 01-12-2008

At a glance

Initial charge 4.50%
Initial saving 4.50%
Annual charge 1.50%
Annual saving 0.100% ²
Total Expense Ratio 2.00%
Launch date 28-12-2006
Launch price £1.00
Sector Balanced Managed
Fund size £11 million
Number of holdings 37
Fund type OEIC
Type of units Income

HL Research - Our view on this Fund

Hargreaves Lansdown research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. This fund does not fall into either of these categories at present.

Full research

About the Fund Manager

Photo of Max King

Max King
Located in: London


Max is a portfolio manager on the UK Equity team. Prior to joining Investec Asset Management, he was a director of JO Hambro Capital Management, where he managed a range of portfolios, with a variety of investment remits including 'special situations', mid to large cap pan-European companies and UK small caps. Before that, he worked for Finsbury Asset Management between 1987 and 1997 as a director and senior investment manager, with responsibilities for several investment trusts, focused on a variety of UK stocks. Max also worked for LF Rothschild for four years as a vice president in the risk arbitrage department, investing proprietary capital and client money, after an initial five years as an articles clerk and accountant. Max graduated from Cambridge with a degree in economics.

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Income details

Historic yield 0.44%
Income paid Annually
Type of payment Dividend

All yields are variable and not guaranteed. There is currently no yield information available for this fund.

Distribution dates

Ex-dividend date 31 May 2008
Payment date ³ 31 July 2008

Top 10 holdings

Investec Global Equity Class S 13.55%
Investec Global Free Enterprise Class S 13.35%
4% Treasury Gilt 2016 8.05%
GERMANY(FED REP) 4.750 JUL 04 34 7.85%
Investec UK Alpha Class S 6.89%
Investec UK Special Situations Class S 5.36%
BH Macro (GBP) 4.66%
Investec Sterling Bond Class S 4.38%
Investec American Class S 2.82%
Investec UK Smaller Companies Class I 2.80%

Top 10 sectors

Bonds 22.38%
Equity Investment Instruments 19.55%
Oil & Gas Producers 5.71%
Financial Services 5.05%
Pharmaceuticals & Biotechnology 4.45%
Non-Classified 4.30%
Banks 3.56%
Support Services 3.17%
Cash and Equiv. 3.12%
Real Estate Investment Trusts 2.85%

Top 10 countries

United Kingdom 37.35%
Non-Classified 19.94%
United States 17.64%
Germany 9.23%
Cash and Equiv. 3.12%
Switzerland 2.07%
France 1.52%
Canada 1.12%
Israel 0.97%
Japan 0.91%

² Annual saving is not available in the SIPP.

³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.

Last valuation as at 01-12-2008. Data accurate as at 31/10/2008.

Data provided by
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