Cazenove UK Absolute Target Class P1 Acc

Sell : 104.61p | Buy : 104.61p | down 0.01p
Last valuation as at 28-11-2008

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

HL Research - Our view on this Fund

Mark Dampier 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

Photo of Tim Russell

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].

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