Trustnet Magazine 89 November 2022 | Page 49

Fund

FACT BOX

MANAGER : Richard Colwell / LAUNCHED : 30 / 09 / 1985 / FUND SIZE : £ 3.5bn / OCF : 0.82 %

CROWN RATING

largest companies on the FTSE 100 . “ They haven ’ t got a benchmark and won ’ t be constrained by where they can invest globally ,” he explained . “ They certainly won ’ t be thinking about our politics or where the currency is going .” He added that investors should currently be looking for “ value arbitrage ”, or stocks that will either rebound or get bought out for more than their current price . Although some traditional lines of credit have been burned by backing unprofitable technology companies , Colwell said corporates and private equity have “ a lot of dry powder ”. “ Deals will be done as soon as the market unclogs and there is a value arbitrage that exists ,” he said .

IA UK Equity Income ( 118.9 %)

FTSE All Share ( 121.1 %)

CT UK Equity Income ( 178.4 %)