Last Updated: May 15, 2025

Last Updated: January 13, 2026

Manager Alexandra Jackson outlines how her fund has been performing this year. She explains why she thinks the UK economy and UK stocks attract too many negative headlines and what’s really behind some companies’ decision to re-list in the US. She considers which sectors are on her ‘avoid’ list and how she’s playing some investment mega-trends in a UK way.

Last Updated: January 13, 2026

Manager David Harrison talks about recent performance and why a focus on quality businesses is important in a slowing economic environment. He explains why the fund has been adding to healthcare companies and how the energy transition opportunity is evolving. He also talks about AI and what it could mean for a number of sectors in the medium term.

Last Updated: May 15, 2025

Last Updated: January 13, 2026

Manager Bryn Jones explains how his fund has been faring and outlines some of the strategies that have helped returns. These include: cutting back exposure to more cyclical businesses; exploiting differences in global interest rate dynamics; and ‘truffle hunting’ in high yield. Bryn believes interest rates could plateau after they peak and believes bond markets could stay volatile as many investors are still hoping for rate cuts next year.

Last Updated: January 13, 2026

Manager Bryn Jones explains how his fund has bounced back from a tough 2022. Times of great change can bring exciting opportunities. As one of the most aggressive interest rate-raising cycles of all time nears its end, government bonds (including Green Gilts) look like compelling investments again. Bryn explains why his team is now pairing growth-sensitive credit investments with rate-sensitive government bonds.

Last Updated: May 15, 2025

Last Updated: May 15, 2025

Last Updated: May 15, 2025

Last Updated: May 15, 2025

Last Updated: May 15, 2025

Last Updated: May 15, 2025