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ii Super 60 - Man GLG Continental European Growth

ii Super 60 investments:
Man GLG Continental European Growth

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Asset Group Asset Sub-Group Investment Category
Equities European equities Core

Selection rationale:
This fund has been managed by Rory Powe since 2014. Powe has a near 30-year history of running European equity funds during which he learned valuable lessons after coming unstuck in early 2000 when the technology bubble burst. His current fund is already showing the benefit of his well-defined investment process.

The companies in which Powe invests have to pass a number of stringent criteria before they are included in his portfolio, which consists of a concentrated list of holdings from an original list of more than 2,000 possibilities. However, they can be of any size and from any country or industry in continental Europe.

In order to pass Powe’s selection process companies must display several characteristics that are sustainable over the long term. First, they must enjoy a leadership position in their marketplace to ensure that they have pricing power. Second, they have to demonstrate an ability to grow and achieve rising profits and strong free cashflows. Third, they must exhibit financial strength generally. And finally their share price must also show growth potential. Powe divides the companies in his portfolio into two types. The first he describes as the fund’s bedrock. These are companies that enjoy an established leadership position that gives them excellent prospects. This section always represents at least 50% of the fund.

The second type of companies is emerging winners that are already enjoying clear competitive advantages. These can account for up to a third of the portfolio. He expects more growth from these stocks, but they also involve greater risk.

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The information we provide in the Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. None of the opinions provided are a “personal recommendation”, therefore you should ensure that any investment decisions you make are suitable for your personal circumstances. Past performance of the underlying constituents is not a guarantee of future performance. Remember, the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.

Risk warnings

Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. 

Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab. 

The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.

If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor. 

Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Outlook.

Details of all recommendations issued by ii during the previous 12 month period can be found here.

ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.

In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.