| Asset Group | Asset Sub-Group | Investment Category |
| Equities | UK equity income | Adventurous |
Henry Dixon has managed the fund since inception in November 2013, when he joined Man GLG, and is supported by co-manager Jack Barrat and three further analysts. The team manages this fund alongside the Undervalued Assets fund which does not have an income focus but utilises the same broad philosophy and investment process. This strategy targets three types of stock: those that are cash generative and trading below their estimate of the company's asset value, those where the company's profit stream is being undervalued relative to the cost of capital and there is positive earnings momentum (with the caveat here of a yield of at least that of the market) and for this income mandate the team also targets companies with net cash balance sheets and strong free cash flows, which can lead to positive dividend surprises. As well as the focus on valuation, the process steers the managers towards elements of quality and positive earnings momentum. There is also a significant allocation to stocks lower down the market-cap scale versus the FTSE All Share Index. These biases can result in returns varying materially from those of the index. Opinion March 2024 | ||
Risk warnings
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