Multi-Asset Fund Detail

Willis Owen Research Commentary

The fund may provide an option for patient investors who are looking for long-term real return and willing to tolerate periods of short and medium term underperformance. Manager Alastair Mundy looks for stocks that are deeply out of favour, starting with those that have fallen at least 50% from their seven-year high. However, before purchasing a stock that has suffered extreme underperformance, Mundy’s team carries out detailed company analysis to avoid any value traps. His stock selection has proved successful over the long term. However, the approach does not deliver outperformance all the time, and some of the periods in which it has stopped working have been fairly long.

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