Trustnet Magazine Issue 12 November 2015 | Page 12

IN FOCUS
FUND

MAN GLG UNDERVALUED ASSETS
FE Alpha Manager Henry Dixon’s fund adopts a disciplined approach to seeking out-offavour UK companies
the fund as one of his top value
picks for a choppy market.
“The fund targets stocks that
are either trading below their
replacement cost and are cash
generative or those where the
market is undervaluing the profit
stream,” Boardman-Weston said.
“The value approach that Dixon
employs has worked well during
the recent bout of volatility and
has tended to perform well in
a rising gilt yield environment,
which comforts us as that is one
of our concerns going forward.
Year-to-date it is up 8.45 per cent
vs the FTSE All Share, which is up (ĸ