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Home / News / Marlborough Special Situations looks to ‘run winners’ for longer with policy and sector change
Marlborough Special Situations looks to ‘run winners’ for longer with policy and sector change
‘I think by changing the goalposts they start to dilute their message’
Marlborough Special Situations is broadening its investment policy to include companies higher up the market cap scale and moving to a different Investment Association sector to help the managers “run winners” for longer.
The fund, managed by Eustace Santa Barbara (pictured) and Guy Feld, will continue to focus on small cap companies, but from 2 August it will be able to hold a higher proportion of mid and large cap holdings.
Best performing managers in the best performing sectors
By Tanvi Kandlur 28
th May 2021 12:27 am
More than 60 leading fund managers have been nominated in FE fundinfo’s Alpha Manager Awards this year, recognising their achievements in outperforming the volatile markets of 2020.
The shortlist for each category is determined by identifying the highest scoring managers from the 2021 rebalance. A mix of quantitative and qualitative assessment is then applied to pick the most successful from this shortlist, so it provides a comprehensive overview of their performance.
Given the volatility of last year, the nominated fund managers tell an interesting story about the effectiveness of the different strategies employed over the past 12 months and the opportunities provided in each of the different markets. While this year there are 13 award categories overall, we will look at the seven categories which focus specifically on equity markets in order to prov
Mark Barnett’s former Invesco funds continue to bleed cash
UK Equity High Income hit by outflows of £536m despite new management, according to Morningstar estimates
Mark Barnett’s former Invesco funds have continued bleeding cash one year after his departure despite a fresh change in leadership and a brighter outlook for value stocks.
The Invesco High Income and Income funds had been battered by redemptions since Barnett (pictured) inherited the mandates from his predecessor Neil Woodford. In 2019 amid the implosion of Woodford’s fund empire and a continued run of bad performance the funds saw an exodus of cash, shedding £1.8bn and £773m respectively, according to data from Morningstar.
Investors cling to US ‘comfort blanket’ despite equity outflows
Investment Association data shows US equities witnessed net outflows of £1.6bn in Q1
Having seen inflows of close to £2.3bn in 2020, funds invested in US equities witnessed net outflows of £1.6bn in the first quarter of 2021, according to the Investment Association.
The bulk of those outflows took place in March, with the IA revealing investors redeemed a net £1.09bn from the IA North America sector. This made it the second least popular peer group behind Sterling Corporate Bond – which witnessed an outflow of £1.47bn for the month.
While some of this may be a result of profit taking following a very strong run for the US market, Laith Khalaf, financial analyst at AJ Bell Investments, says another factor may be at work.