Fund to watch: Rathbone Global Opportunities
Launched in May 2001, Rathbone Global Opportunities aims to provide above-average, long-term capital growth by investing in a global portfolio of stocks.
James Thomson has been at the helm since the summer of 2005, and takes a high-conviction, stock picking approach that sees him investing in undiscovered growth stories.
These holdings are usually innovative businesses that consistently beat expectations, outclass their competitors and serve a rapidly growing market.
Thomson's approach is flexible in terms of company size, sector and geographic location, which he regards as a key strength.
Among the 10 largest holdings are well-known names such as Visa, Rightmove, Associated British Foods, Arm Holdings, Dignity and Intertek.
As far as sectors are concerned, industrials account for the largest share with 20.75%, followed by consumer services at 18.10%, consumer goods on 14.40% and technology with 10.71%.
Other areas represented in the fund – which each account for less than 10% – include healthcare, financials, and oil and gas.
The US has the lion's share of the geographical split with 38.5%, followed by Europe with 21.7% and the UK with 20.3%. Asia Pacific, Japan and Canada each account for less than 10%.
Mark Dampier, head of research at Hargreaves Lansdown, says: "The more cautious positioning does mean the fund can lag its peers when markets rally, but James Thomson has proved himself a highly adept manager and we remain convinced of its long-term potential."
Fund details: Rathbone Global opportunities
Telephone: 020 7399 0399
Fund manager: James Thomson
Launch date: May 2001
Total fund size: £221.24 million
Initial charge: 2.5%
Annual management fee: 1.5%
Minimum investment: £1,000 (or £500 per month thereafter)
Source: Rathbones, March 2013
An individual employed by an institution to manage an investment fund (unit trust, investment trust, pension fund or hedge fund) to meet pre-determined objectives (usually to generate capital growth or maximise income) in prescribed geographic areas or investment sectors (such as UK smaller companies, technology or commodities). The manager also carries the responsibility for general fund supervision, as well as monitoring the daily trading activity and also developing investment strategies to manage the risk profile of the fund.