Following The Adviser Centre Monthly Review Meeting on 30^th January 2015, we moved the JOHCM UK Dynamic fund to the Recommended list.  The fund previously featured on The Adviser Centre’s Positive Watch list.

The manager, Alex Savvides, has been responsible for the fund since its inception in June 2008.  By dint of working alongside experienced fund management colleagues at the firm, who employ a variety of approaches, he has honed a style of his own, drawing upon his own skills and beliefs as well as his observations of the successes and challenges experienced by others.

As a Positive Watch list fund, we cited a number of reasons why we were still watching the fund, in particular, our desire to observe the fund’s behaviour for a longer period of time and through different market conditions. Having done this, we now have sufficient confidence in the proposition to move it to our Recommended list.

The ‘dynamism’ of this fund is rooted in the manager’s argument that companies are not static and therefore, improvement and deterioration must be constantly evaluated. Understanding that turnaround situations can create volatility and therefore can be challenging for investors in funds, he melds these ideas with benchmark-awareness and an acknowledgement of the importance of dividends.  As such, the fund has a blended style and typically features a combination of value, growth and recovery plays.

Overall, through this balanced approach, the manager aims to deliver an attractive relative return in the majority of market conditions and we are very pleased to include this highly focused manager in our Recommended list.

The Adviser Centre now features 97 funds on its Recommended list, of which 19 are drawn from the IA UK All Companies sector.