The Basics Invest/Switch/Value Important Information Other Investments Login
The Portfolios
Portfolio 1
Mini Income
Portfolio 2
Mini Growth
Portfolio 3
Corporate Bond
Portfolio 4
Monthly Income
Portfolio 5
Balanced Income & Growth
Portfolio 6
UK Growth
Portfolio 7
Balanced International
Portfolio 8
With-Profits Style
 

We have looked at over 900 funds managed by the UK's leading investment groups. We have spoken to corporate bond fund managers and to equity fund managers. We have discussed the World's markets and examined track records and charges.

The result is eight portfolios incorporating 31 funds managed by 18 of the UK's leading investment managers. If you want a high tax free income you can have it. If you want a balance of tax free income and growth you can have it. If you simply want to go for growth you can have that too. Whatever you want, you will find a portfolio to suit your personal circumstances.


Important - Yields quoted are as at 4th January 2006


 
Portfolio 1

MINI Income

This Portfolio should appeal to investors seeking a rising income and capital growth. It may also appeal to investors looking for growth within a more cautious environment, as income can be reinvested to boost growth. We have combined Fixed Interest and UK Equity funds with proven fund managers from three top-quality investment groups.

Invesco Perpetual Distribution - 40%
The fund's objective is to provide a sustainable level of monthly income, with the prospect of capital growth over the long term. About 65% of the portfolio is invested in corporate bonds and other fixed interest securities, with the remainder invested in high yielding equities. The fixed interest element will not fall below 60% - which brings significant tax advantages. The Fund is managed by Neil Woodford, Paul Read and Paul Causer. It has been awarded an AA rating from S&P and an AAA rating from Citywire.

Newton Higher Income - 30%
The management of this fund was taken over by Tineke Frikkee in March 2004 and it invests in stocks drawn from the largest 350 companies in the UK. Tinekehas worked with the fund since 1998 and aims to provide a rising income with long term capital growth. She has continued to perform to the same high standards as her predecessor. It has a 5star and A rating from S&P and an A rating from Forsyth-OBSR.

Neptune Income - 30%
Robin Geffen, who has managed this fund since inception, founded Neptune in 2002. With over 20 years experience, Robin aims to provide high income from a managed portfolio which mainly invests in UK equities and fixed interest securities, although there will be a small exposure to international stocks. The fund is A rated by Forsyth-OBSR.


 
Portfolio 2

MINI Growth

This portfolio should appeal to investors looking for diversified growth from the UK market. We have brought together three of the UK's most respected fund managers and between them they represent a broad spread of investment approaches.

M&G UK Select - 30%
The aim of this fund is quite simply to maximise the total return. Mike Felton runs a focused portfolio of between 30 and 40 stocks and has been given complete freedom to invest where he believes that profits can best be made. The fund is AA rated by S&P, and A rated by Citywire and Forsyth-OBSR

Framlington UK Select Opportunities - 30%
Nigel Thomas makes full use of his pragmatic management style to enhance the performance of this fund. The principle aim is to provide capital growth by investing in UK companies where the manager believes above average returns can be made. He has been awarded a coveted AAA rating from both Forsyth-OBSR and Citywire.

Rathbone Income - 40%
The fund is managed by Carl Stick. Carl joined Rathbone in 1996 and aims to achieve an above average and maintainable income with capital growth. Investment is predominantly in UK equities. Rathbone Income was voted the No. 1 Equity Income Fund over 5years at the Standard & Poors 2005awards. The Fund holds 4 star and AA ratings from S & P and Forsyth-OBSR.


 
Portfolio 3
Corporate Bond

We have selected five of the leading bond funds within both the "Corporate Bond" and the "UK Other Bond" sectors. Those seeking income will welcome the yield, which is currently 4.6% (as at 3rd January 2006) and those looking for growth can choose to have the income reinvested until it is required. It is important to appreciate that, although generally less volatile than equities, bonds usually do not produce the levels of capital growth associated with long term equity investment.

Invesco Perpetual Corporate Bond - 20% Managed jointly by Paul Causer and Paul Read, this fund aims to provide a high level of overall return, but with relative security of capital. It holds mainly investment grade fixed interest securities and its long-term consistency has earned it AAA ratings from CityWire, S&P and Forsyth-OBSR.

Old Mutual Corporate Bond - 20% Managed by Stephen Snowden, this fund aims to maximise total returns by investing in a diversified portfolio of fixed interest and other debt securities. Stephen holds a minimum of 80% investment grade securities and he actively manages the fund to provide added value. The fund has an AA rating from S&P and Forsyth-OBSR and AAA from Citywire.

New Star High Yield Bond - 20% As the name suggests, the objective of this fund is to achieve a high total rate of return through investment in a diversified portfolio of investment grade and sub-investment grade bonds. James Gledhill manages the fund, but works closely in conjunction with Theo Zemec. The fund has earned an AA rating from Forsyth-OBSR.

Standard Life Higher Income - 20% Andrew Sutherland aims to provide a high level of income, with capital appreciation being of secondary importance. The fund invests in UK high-yielding bonds, although it may also invest in overseas securities from time to time. The fund has been awarded an AA rating by S&P and Forsyth-OBSR.

M&G Strategic Corporate Bond - 20% Richard Woolnough has managed this fund since its launch in February 2004, following a very successful spell at Old Mutual. Richard's aim is to maximise total return by investing predominantly in investment grade corporate bonds, but he may invest in higher yielding bonds and debt when investment conditions are suitable. The fund has been awarded an AA rating by both S&P and Forsyth-OBSR, and Richard has an AA rating with Citywire

 
Portfolio 3
Monthly Income

As the name suggests, this portfolio should appeal to investors seeking monthly income, though distributions will not be in equal monthly amounts. The portfolio combines five of the leading fund management groups and holds fixed interest securities to provide income and equities for long-term capital growth. Income can be re-invested.

Credit Suisse Monthly Income - 20%
The objective of this fund is to provide a good level of rising monthly income with the prospect of capital growth. The fund's investment policy is to follow a relatively low risk strategy with investments in higher yielding equities, convertibles, preference shares and fixed interest stocks. The fund is now managed by Errol Francis who took over from Leigh Harrison during 2005.

F & C High Income - 20%
This fund has been designed to provide investors with a high monthly income, whilst keeping fluctuations in the unit price to a minimum and offering some prospect of capital growth over the longer term. Investing mainly in equities, the fund has an overall target yield of 2% above prevailing bank base rates. The income is classified as interest, which could bring significant tax advantages to many investors. The fund is AAA rated by Citywire.

Invesco Perpetual Monthly Income Plus - 20%
Launched in 1999, this fund aims to provide a high level of income, whilst seeking to maximise the total return. Managed jointly by Paul Causer and Paul Read, the fund invests in a balance of high yielding corporate and Government bonds and UK equities. It has achieved AAA ratings from CityWire, S&P and Forsyth-OBSR.

New Star Managed Distribution - 20%
This fund comprises approximately 65% bonds and 35% equities.The bond element of the fund is managed by James Gledhill and the equity element by Toby Thompson. Theo Zemec, Head of Fixed Income at New Star, determines overall asset allocation. Income distributions are classified as interest, which may be advantageous for many investors.

Framlington Monthly Income - 20%
Managed by George Luckraft since September 2002, the fund has achieved an AAA rating from Forsyth-OBSR. The fund's objective is to provide a regular income, with the potential for long term capital growth. The Fund will invest mainly in equities and fixed interest securities.


 
Portfolio 5
Balanced Income & Growth

This portfolio should appeal to investors seeking growth, or income, or both from the UK market. The portfolio primarily consists of equity income funds, as they not only produce dividends but have also tended to provide very good levels of capital growth. Even when market conditions are uncertain, dividend flows continue. The five fund managers have established reputations as stock-pickers, a talent that is likely to remain in demand.

Artemis Income - 20%
The fund has been managed by Adrian Frost since January 2002. Adrian previously managed the award winning Deutsche UK Equity Income Fund for 12 years. The objective of the fund is to produce a rising income with capital growth. The portfolio will primarily hold investments in the UK including ordinary shares, convertibles and fixed interest securities. The fund has been awarded an AAA status by both Citywire and Forsyth-OBSR.

Jupiter Income - 20%
The aim of this fund is to produce a high income, increasing at least in line with inflation, from a managed portfolio of UK equities and fixed interest stocks (though there may be some overseas exposure). The Fund is managed by Tony Nutt who won the 2005 Lipper UK Equity & Bond Income Fund Manager of the Year award. Since Tony started managing the fund in May 2000, he has out-performed the FTSE All-Share Index by over 77%. The fund is AAA rated by both S&P and Forsyth-OBSR.

Invesco Perpetual High Income - 20%
Managed by Neil Woodford since its launch in 1988, the fund aims to provide a high level of income together with capital growth. The manager invests primarily in UK companies, with the balance invested internationally. Neil is one of the UK's most respected fund managers and the fund has earned a 5 star and AAA ratings from S&P, Citywire and Forsyth-OBSR

Standard Life UK Equity High Income - 20%
This fund tends to hold between 50 and 60 stocks, with each holding being large enough to make an impact on the overall fund performance. This robust stock selection process aims to identify improving situations that are not fully recognised by the market. The manager, Karen Robertson, also invests in stocks which tend to be higher yielding, in order to meet the income requirement of the fund. The fund has been awarded a 3star and an A rating by S&P.

Rensburg UK Select Growth - 20%
Launched in 2001, the objective of this fund is to out-perform the FTSE All Share index over the medium to long term. Fund manager Mark Hall uses a stock picking approach and has earned an enviable reputation within his peer group for his skills in this area. He has been awarded a 5 star and AA rating from S&P and Forsyth-OBSR. The fund is also AAA rated by Citywire.


 
Portfolio 6
UK Growth

The objective of this portfolio is quite simple - to provide capital growth. As last year, we have brought together proven stock-pickers like Edward Bonham-Carter, Mark Tyndall and Richard Buxton and we are confident that our selected fund managers will make the very best of fluctuating market conditions.

Jupiter Undervalued Assets - 20%
The fund is managed by Edward Bonham-Carter, Joint Chief Executive of Jupiter. The objective of the fund is to achieve long-term capital growth by investing in companies which the manager believes have recovery potential. In particular, the manager invests in companies that he considers to be undervalued, primarily in UK equities - though he has the option to invest overseas when appropriate. The fund is AAA rated by S&P and holds a 3 star rating from Morningstar.

M&G Recovery - 20%
The M&G Recovery Fund is probably the original "Special Situations" fund, as it has delivered over 16% average growth a year for the past 36 years. It focuses on out of favour companies where good management teams are making concerted efforts to turn the business around. Holdings are sold when the market has re-rated the stock and the recovery process is complete. The manager Tom Dobell is A rated by Citywire and the fund is AA rated by S&P and Forsyth-OBSR.

Schroder UK Alpha Plus - 20%
Launched in June 2002, this fund aims to provide capital growth through investment in UK companies. The fund invests in a concentrated portfolio of between 20 and 40 stocks with the objective of achieving an absolute return. The fund is not tied to any benchmark. It is a stockpicking fund, managed by Richard Buxton and has been awarded an AA rating by S&P and A by Forsyth-OBSR.

Artemis Capital - 20%
Mark Tyndall, who has managed this fund since 2002, aims to provide investors with a balanced spread of investments for long-term capital appreciation. He believes that he will achieve superior potential for earnings growth by selecting well managed companies primarily in the UK. Mark is the founding partner of Artemis. The fund has been awarded AA status by Citywire and AAA by Forsyth-OBSR.

Invesco Perpetual UK Growth - 20%
This UK Growth fund aims to achieve capital growth from investments primarily listed in the UK. It was launched in 1987and has been managed since May 2002 by Ed Burke, who also manages the top performing UK Aggressive fund. The manager tends to focus on attractively valued companies with secure earnings growth prospects and good dividend yields. The fund has achieved an A rating from Forsyth-OBSR, an AA rating from S&P and AAA from Citywire


 
Portfolio 7
Balanced International

This portfolio should appeal to investors who are looking for capital growth from exposure to the World's markets. Two of our chosen funds are area specific, but we have also included Jupiter Merlin's Worldwide Portfolio and Investec Global Free Enterprise, both of which range across the investment universe. As with our other portfolios, we have selected proven funds and proven fund managers.

Artemis European Growth - 20%
This fund aims to provide long term capital growth by investing in Europe (excluding the UK) - something it has been doing spectacularly well since its launch in March 2001. The fund is managed by Philip Wolstencroft who devised an investment analysis system to aid stock selection. The system has proved so successful that it has subsequently been adopted by the other Artemis fund managers. It is AAA rated by both Citywire and Forsyth-OBSR.

First State Asia Pacific Leaders - 20%
This fund is managed by Angus Tulloch who has specialised in Far Eastern markets for over 25years. The fund aims to achieve long-term capital growth and invests in large and mid capitalisation equities in the Asia Pacific region (including Australasia, but excluding Japan). The fund is AAA rated by both S&P and Forsyth-OBSR.

Investec Global Free Enterprise - 30%
Managed by Mark Breedon, this fund aims to achieve long term capital growth through investment in privatised companies around the globe. He also invests in other companies expected to benefit from privatisation, deregulation or de-mutualisation. He believes that this strategy offers above average opportunities for capital gain. The fund is AA rated by both S&P and Forsyth-OBSR.

Jupiter Merlin Worldwide Portfolio - 30%
The objective of the fund is to achieve long-term capital growth. It is a "fund of Funds", which means that the manager can invest in any of the 2000+ investment funds which are available in the UK. The portfolio is managed by a specialist team headed by John Chatfeild-Roberts. The breadth of Jupiter's expertise has been recognised by their award of the Investment Week 2005 Global Group of the Year. The Fund has a 5 star and AA rating from S&P and AAA rating from Forsyth-OBSR. Each of the managers is individually AA rated by Citywire


 
Portfolio 8
With Profits Style

There is much demand for a portfolio which replicates the investment spread of With-Profits Bond funds. The "With-Profits Style" Portfolio meets this demand. With-profits funds have provided excellent returns for many years from their mix of UK and international equities, fixed interest stocks and commercial property.

However, most with-profits funds no longer hold the same spread of investments that provided those returns and as a result they are unable to provide the level of growth and income that they once did.

We have designed an alternative approach - a Unit Trust based portfolio that replicates the investment spread of With Profits Bonds, managed not by one insurance company, but by a selected team of specialist managers for each asset class. Together they should significantly improve the potential for superior returns.

Each fund has been specifically selected after careful examination of the manager's track record and the asset mix within the fund. Together, they replicate the asset spread that used to be found in successful with-profits funds - i.e. approximately 60% equities, 25% fixed interest and 15% property.

Standard Life Higher Income - 15%
Andrew Sutherland aims to provide a high level of income, with capital appreciation being of secondary importance. The fund invests in UK high-yielding bonds, although it may also invest in overseas securities from time to time. The fund has been awarded an AA rating by S&P and Forsyth-OBSR.

Artemis Income - 15%
The fund has been managed by Adrian Frost since January 2002. Adrian previously managed the award winning Deutsche UK Equity Income Fund for 12years. The objective of the fund is to produce a rising income with capital growth. The portfolio will primarily hold investments in the UK including ordinary shares, convertibles and fixed interest securities. The fund has been awarded an AAA status by both Citywire and Forsyth-OBSR.

Framlington Monthly Income - 15%
Managed by George Luckraft since September 2002, the fund has achieved an AAA rating from Forsyth-OBSR. The fund's objective is to provide a regular income with the potential for long term capital growth. The fund will invest mainly in equities and fixed interest securities.

Newton Higher Income - 10%
The management of this fund was taken over by Tineke Frikkee in March 2004 and it invests in stocks drawn from the largest 350 companies in the UK. Tineke has worked with the fund since 1998 and aims to provide a rising income with long term capital growth. She has continued to perform to the same high standards as her predecessor. It has a 5 star and A rating from S&P and an A rating from Forsyth-OBSR.

Jupiter Merlin Worldwide Portfolio - 10%
The objective of the fund is to achieve long-term capital growth. It is a "fund of Funds", which means that the manager can invest in any of the 2000+ investment funds which are available in the UK. The portfolio is managed by a specialist team headed by John Chatfeild-Roberts. The breadth of Jupiter's expertise has been recognised by their award of the Investment Week 2005 Global Group of the Year. The fund has a 5 star and AA rating from S&P and AAA rating from Forsyth-OBSR. Each of the managers is individually AA rated by Citywire.

Invesco Perpetual Distribution - 20%
The fund's objective is to provide a sustainable level of monthly income, with the prospect of capital growth over the long term. About 65% of the portfolio is invested in corporate bonds and other fixed interest securities, with the remainder invested in high yielding equities. The fixed interest element will not fall below 60%- which brings significant tax advantages. The fund is managed by Neil Woodford, Paul Read and Paul Causer. It has been awarded an AA rating from S&P and an AAA rating from Citywire.

New Star Property - 15%
This fund invests in commercial property - and unlike domestic property, commercial property has not been troubled by extreme valuations. New Star believe that the outlook for the sector remains strong. Commercial property is an essential part of any well balanced portfolio. It tends not to experience the gyrations typical of the domestic "buy to let" market. By contrast, it usually provides a steady income from rental yields, as well as capital valuations that have risen at least as fast as inflation over the longer term.


 

 

 

 

 

POPULAR FUNDS
InvescoPerpetual High Inc
Artemis European
New Star Property
JPM Japan
Framlington Monthly Inc
Artemis Income
Framlington UK Sel Opps
Jupiter Income
Rathbone Income
Jupiter M Worldwide
FUND NEWS
Click here for the latest fund launches and fund manager movements.
Click here.
We will call you.