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The fund invests in recovery stocks – good businesses that are currently experiencing below-normal profit levels – which are depressing their valuations. To warrant inclusion in the portfolio, a company must have capabilities to help itself out of this predicament. Sergeant adds holdings at fire-sale prices in volatile times. This increases the possibility of long-term capital gains, as well as a performance profile that deviates significantly from the benchmark FTSE All-Share index.
Head of UK equities at River & Mercantile, Sergeant believes it is crucial to meet company management first to ensure they are the right people to set their company on the path to recovery. The investment team has developed an individual philosophy and process called PVT: potential, value and timing. It is this quantitative process that underpins their investment choices. The nature of the fund is to find stocks that have been beaten up by the market, so sentiment could continue to go against them. As a result, investors in this fund should expect to encounter a bumpy ride from time to time.
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.
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