UK Growth sector

Alex Wright is a contrarian investor. He looks for unloved and undervalued companies where other investors have overlooked the potential for growth or positive change. He'll invest in companies of any size, including higher-risk smaller ones. Wright invests in companies that often go ignored by other investors. Maybe they've missed a profit target, or the management team made some unpopular decisions. Either way, the company must be on the road to recovery. Corporate strategy plays an important part in a company's recovery, so Wright spends lots of time meeting company managers.

As the company improves, its share price should rise as other investors begin to recognise the change. As the price rises, Wright gradually takes profits and moves on to the next unloved opportunity. Remember, not every company will recover, and some may fail altogether. The manager has the flexibility to invest in derivatives which, if used, adds risk.

This fund aims to track the performance of the FTSE 100 – an index of the largest companies listed on the UK stock market.

The fund's made up of around 100 companies across sectors like consumer staples, financials and healthcare. While these companies are based in the UK, many sell products and services across the globe, so they're not solely reliant on the UK economy to be successful. The fund's tracked its index tightly and efficiently since launch although, as you would expect from an index tracker fund, it’s fallen behind the benchmark over the long term because of the costs involved in running the fund.

The fund aims to track the performance of the FTSE All-Share, a broad index of UK companies.

The fund invests in around 587 large, medium-sized, and higher-risk smaller companies based across the UK. Since launch it’s tracked its index tightly and efficiently although, as you would expect from an index tracker fund, it’s fallen behind the benchmark over the long term because of the costs involved in running the fund.

This fund is managed by a team of four whose different strengths, styles and areas of focus are carefully blended together.

The four managers behind this fund are free to invest their portion of the portfolio wherever they see the best opportunities. This means the fund combines more established companies that have consistently grown profits, with those that have been through a difficult time and have the potential to recover.

The blended approach used by the managers, combined with a focus on small and medium-sized companies, makes this fund different to many of its peers. We think it's managed by a strong team with the potential to deliver good returns over the long term. Their investments in smaller companies add risk though.

Anthony Cross and Julian Fosh invest in companies with barriers to entry from competition including intellectual property (such as patents, trademarks or brands), established distribution channels and significant levels of repeat business. They invest in UK businesses of all sizes, including higher-risk smaller ones.

We think the fund's run by two experienced managers with a robust investment process that's served them well over the years. We therefore expect it to deliver good returns over the long term, although there are no guarantees. The managers have the flexibility to invest in derivatives which, if used, adds risk.

Please note this fund holds shares in Hargreaves Lansdown plc.