Cazenove UK Absolute Target Class P1 Acc
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.25% |
| Annual saving | 0.100% ² |
| Total Expense Ratio | 2.65% |
| Launch date | 18-07-2008 |
| Launch price | £1.00 |
| Sector | Absolute Return |
| Fund size | N/a |
| Number of holdings | N/a |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
This is a recently launched fund looking to deliver absolute returns in both rising and falling markets. This requires a particular skill, particularly when markets fall. Tim Russell has been successfully managing another fund along these lines for some time but it was not available to retail investors. Tim Russell is by nature a cautious investor and we have every confidence in his ability to produce excellent long term absolute returns.
Full research
About the Fund Manager
Tim Russell
Located in: London UK
TIM RUSSELL joined Cazenove in 2003. He is Head of Pan-European equities with specific responsibility for UK equity strategy, portfolio construction and performance across the range of Cazenove's UK institutional, charity, private clients and retail funds. He is also manager of the AAA-rated Cazenove UK Growth & Income Fund, the AAA-rated Cazenove UK Equity Fund and the Cazenove UK Equity Absolute Return Fund. Tim joined from HSBC Asset Management (Europe) Ltd where he also had overall responsibility for UK equities, and was manager of six of their funds, including the AAA-rated HSBC UK Growth & Income Fund. Prior to HSBC, he held a similar position at Lazard Asset Management achieving a Fund Research rating across their entire range of UK funds. In 1997 Tim was awarded the Investment Week Income Fund Manager of the Year. Prior to joining Lazard in 1992, Tim was awarded the Roy Wright scholarship, which enabled him to spend two years in industry in marketing, financial and strategic roles. He started his career in 1985 as a corporate finance executive with Merrill Lynch (Europe), before joining UBS P&D as an institutional salesman. He graduated from Oxford University with an MA (Hons) in Politics, Philosophy and Economics. He is a MD and has 22 years of investment experience.
Income details
| Running yield | N/a |
|---|---|
| Income paid | Bi-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 | 30 September 2008 |
|---|---|
| Payment date ³ | 30 November 2008 |
Top 10 holdings
Top 10 holdings currently unavailable.
Top 10 sectors
Top 10 sectors currently unavailable.
Top 10 countries
Top 10 countries currently unavailable.
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.
As well as investing in shares and other assets, absolute return funds can also use derivatives to take short positions in companies. Therefore the returns depend primarily on the manager’s stock picking skills, not solely on the price of their holdings rising, and the standard analysis of the underlying investments is not applicable.
Last valuation as at 28-11-2008. Data accurate as at [No Data].
