Hargreaves Lansdown has added three funds to the Wealth 150+ list.
The funds are the recently-launched TM Sanditon UK, the £1bn FP Crux European Special Situations and the £103m Schroder Small Cap Discovery.
TM Sanditon UK, which will be officially launched on the 22nd June and managed by Julie Dean, will invest in 35 to 65 listed equity securities issued by UK companies.
The fund will continue to follow Dean’s business cycle approach, which is based on active stock selection studying the effect the business cycle has on companies’ earnings growth and their market valuations.
Hargreaves is basing the addition on Dean’s solid track record at Schroders running the UK Opportunities fund. “She has used this approach to great effect over the long term, delivering strong returns, which we attribute to a combination of good stock selection and shrewd sector allocation decisions,” says Hargreaves Lansdown analysis.
In her strategy, Dean uses more economically-sensitive stocks ahead of expansionary periods and adding to defensive areas during slowdowns.
The FP Crux European Special Situations is managed by Richard Pease, who most recently managed the Henderson Europen Special Situations fund before joining investment boutique Crux Asset Management in October last year and taking the fund with him.
Existing Henderson European Special Situations Fund investors will be automatically transferred to the new Crux fund on 8 June.
Pease’s main strategy is seeking companies operating in niche or specialised sectors, with high barriers to entry from competition.
“Pease has an exemplary track record in managing European equities although this should not be seen as a guide to future returns. In our view, he has been highly successful in selecting companies that have delivered good returns for their investors regardless of the wider economic and political environment,” says Kate Marshall, analyst at Hargreaves Lansdown.
The third addition to the Wealth 150+ list is Matthew Dobbs’ Schroder Small Cap Discovery fund, which primarily invests into Asian and emerging markets companies as well as in developed Asian markets such as Hong Kong and Singapore.
Dobbs has a long track record managing a number of portfolios investing in this region. In his strategy he seeks companies with great corporate and financial strength, as well as quality management teams.
Marshall believes the fund has a “unique proposition” because it offers something different to the majority of Asian and emerging markets funds, which normally have a greater focus on larger companies.
In March, the Jupiter European Special Situations fund was pulled from the Wealth 150 list for poor performance and high fees.