The Manek Growth fund has once again soared to the top of the UK All Companies sector, outperforming its closest competitor by 13.2% over the past three months.
Jayesh Manek, who runs the £40m fund, attributes the outperformance to a defensively positioned portfolio with exposure to utilities and pharmaceuticals as well as index futures. In the past three months it has returned 24%, ranking it first out of 307 vehicles. The sector average is -3.8%. On a three-year and five-year basis the fund also sits in the top quartile. However, one-year figures place Manek Growth in the bottom quartile, ranking 266 out of 302 funds. Manek famously launched the fund after winning a fantasy investment competition in the mid-1990s. Assets flew into the...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
