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MANAGED FUNDS SERVICE
Growth Portfolio | April 2015
The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance.
Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice.
A p r i l 2015
1 Mth
3 Mth s
YTD
6 Mth s
1 Yr
2 Yr
3 Yr
5 Yr
2014
2013
2012
2011
2010
2 0 09
SI
(p. a)*
G rowth
P o r tfolio
- 0.2
3.9
7.0
10.5
14.4
25 . 1
46.9
61.3
7.9
22.2
11.7
-6 . 1
17.3
2 1 .6
13.4
WMA
G rowth
0.8
3.8
6.3
8.4
12.0
19 . 6
39.3
52.4
6.5
17.0
10.0
-2 . 3
13.4
1 9 .8
11.3
R e l a tive
- 1.0
0.1
0.7
2.1
2.4
5.5
7.6
8.9
1.4
5.2
1.7
-3 . 8
3.9
1 .8
2. 1
Performance and holdings may differ depending on your platform
Source: Brewin Dolphin, Russell Mellon CAPS IMS32, Novia
0.3%+VAT
Estimated Annual Yield
1.69%
Fund Underlying TERs
0.73%
An investment administrative charge is applicable.
Please refer to your investment adviser or investment administrator for details.
Performance Since Inception
150
126.2
130
110
90
100.8
70
50
30
10
MFS Growth
Oct 2014
Apr 2014
Oct 2013
Apr 2013
Oct 2012
Apr 2012
Oct 2011
Apr 2011
Oct 2010
Apr 2010
-10
Oct 2008
The Growth portfolio underperformed the benchmark by
1% over the month, translating into outperformance of
2.1% per annum since launch with lower volatility than
the benchmark. European yields spiked sharply higher
towards the end of the month, creating a ripple effect
across asset classes which resulted in the breakdown
of some recent trades. US and UK government bonds
sold off in sympathy, European equities underperformed
and the dollar weakened against the euro. This meant
US and European equity markets displayed some
weakness over the month which was reflected in the
portfolio, however all the UK equity strategies posted
positive returns which clearly helped with this weakness.
WMA Growth Index TR
Investment Management Charge (p.a)
Oct 2009
Recent Activity
Portfolio Benchmark
Apr 2009
The portfolio’s objective is to provide outperformance
of the Wealth Management Association (WMA) Growth
Index over the medium term. Returns will be generated
through both capital growth and income with a bias
towards developed and liquid capital markets. The risk
will be diversified by holding collective investments. The
management of the portfolio aims to meet the objective
conservatively by taking managed risk through fund
selection and asset allocation.
Portfolio Information
Cumulative Performance (%)
Growth Portfolio
(income reinvested & gross of fees)
*Inception Date of 31/10/2008, quoted on an annualised basis
WMA Growth Index
Source: Brewin Dolphin, Russell Mellon CAPS IMS32, Novia (income reinvested & gross of fees)
Brewin Dolphin Growth
Strategy
Objective and Investment Policy
i For more information on our portfolios, please contact us on 0203
The portfolio‟s objective is to provide outperformance of the APCIMS Growth Index over the
OK Risk 69 - 85
201 3363 or at [email protected]
Growth Portfolio | April 2015
Brewin Dolphin Managed Funds Service
Asset Allocation as at 30th April 2015
Equities - International
41.5%
Equities - UK
40.0%
Absolute Return
8.5%
Bonds
5.5%
Commercial Property
2.5%
Cash
2.0%
Performance One Year
Statistics
Cumulative Performance (%)
20
14.4
15
Fund Inception Volatility
10.2
Benchmark Inception Volatility
10.5
12.0
10
5
Inception Information Ratio
0.6
Tracking Error
3.3
MFS Growth
Apr 2015
Jan 2015
Oct 2014
Apr 2014
Jul 2014
0
WMA Growth Index
Source: Brewin Dolphin, Russell Mellon CAPS IMS32, Novia (income reinvested & gross of fees)
Portfolio Holdings as at 30th April 2015
Artemis UK Special Situations
9.0%
Investec UK Special Situations
9.0%
Vanguard US Equity Index
8.5%
Fidelity Index UK Fund
8.0%
Threadneedle European Select
8.0%
JPM US Equity Income
7.5%
Legg Mason ClearBridge US Aggressive Growth
6.0%
Pimco Select UK Income Bond
5.5%
First State Asia Pacific Leaders
5.5%
Schroder Tokyo
5.0%
Old Mutual Global Equity Absolute Return
5.0%
AXA Framington UK Select Opps
4.0%
Blackrock UK Special Situations
3.5%
Newton Global Dynamic Bond
3.5%
Old Mutual UK Select Smaller Companies
3.5%
Threadneedle UK Equity Income
3.0%
Aberdeen (ex-SWIP) Property Trust
2.5%
Cash
2.0%
Fidelity Emerging Markets
1.0%
Portfolio Management
The management of the portfolio is achieved through
Brewin Dolphin’s network of investment professionals.
The group’s Asset Allocation Team meet monthly to
decide upon the top down strategy for the portfolio.
Strict adherence to their recommendations ensures
that profits are taken regularly and keeps risks within
appropriate levels.
The funds selected for the portfolio are taken from
the group’s Fund Research Department. This team is
mandated to provide the building blocks for successful
portfolio management. All selected funds have been
carefully analysed to identify fund managers who can
sustain enhanced returns while diversifying risk.
Past performance is not a guide to future performance.
The value of investments can fall and you may get back less than
you invested. This information is for illustrative purposes only and
is not intended as investment advice. We or a connected person
may have positions in the collective investments mentioned
herein or may buy, sell or offer to make a purchase or sale of such
collective investments from time to time. In addition we reserve
the right to act as principal or agent with regard to the sale or
purchase of any collective investment mentioned in thisdocument.
For further information, please refer to our conflicts policy which is
available on request or can be accessed via our website at www.
brewin.co.uk. The information contained in this documentation
has been taken from sources stated and is believed to be
reliable and accurate, but without further investigation cannot be
warranted as to accuracy or completeness.
© FinaMetrica Pty Ltd. Risk tolerance scores were mapped to the funds’ strategic asset allocations as at 01/05/2015. The mappings are only for use by financial advisers licensed to use
FinaMetrica’s risk profiling system and do not constitute financial advice. Financial advisers must satisfy themselves that the funds’ current asset allocations reflect the risk/return expectations of
the funds when mapped.
Brewin Dolphin Limited is a member of the London Stock Exchange, and is authorised and regulated by the Financial Conduct Authority (Financial Services Register reference number: 124444).