Following its Autumn investment committee meeting, FundCalibre has awarded one new Elite Rating and two Elite Radar badges. FP Carmignac Emerging Markets receives an Elite Rating, while CCLA Better World Global Equity and VT Tyndall Real Income are awarded Elite Radar badges.
Darius McDermott, managing director at FundCalibre, gives more details on each new Rating:
One new Elite Rating
FP Carmignac Emerging Markets is a high-conviction fund targeting attractive growth from large and medium-sized companies within emerging economies. The team looks to build a portfolio of 35-55 companies, focusing on sectors where they feel there are sustainable, long-term growth prospects.
Darius said: “This fund’s active, benchmark agnostic approach within the diverse landscape of emerging markets has provided excellent performance since its inception. The fund targets cash generative businesses in underpenetrated sectors in emerging economies with healthy macroeconomic fundamentals. We believe this fund should be a strong consideration for anyone looking for active emerging markets exposure.”
Two new Elite Radar
CCLA Better World Global Equity
With an ESG-orientated mandate, this fund is a quality-focused strategy offering a combination of capital growth and income. The fund is managed in line with CCLA’s approach to investing for a better world and targets businesses with stable and persistent growth, trading at attractive valuations.
“This fund’s benchmark agnostic, responsible approach of investing in quality growth businesses at attractive prices has proven to be very successful since launch in 2022, with the fund providing strong returns with lower volatility than its peers. This fund should be on the radar for anyone looking for a global fund with an responsible focus,” Darius said.
This is a high conviction, highly differentiated mid-cap focused UK income fund. Simon Murphy is a very experienced manager, and this fund offers something different with its combination of premium yield and dividend growth stocks.
“Simon is a highly experienced manager with a long history managing UK equities. We applaud the fund’s high conviction approach to active management and low active management charge. The fund has started well despite a difficult period for mid-cap stocks. We will be watching the fund closely in the future,” Darius said.
