Under the Bonnet

Positive stock-specific newsflow: Alex and Tom provide their usual monthly portfolio roundup.

  • Alex Savvides
  • Tom Matthews
10 Sep 2020
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View PDF   Download PDF  
  • Global bond yields and markets moved higher, with the FTSE World, the S&P 500 and the NASDAQ 100 indices all reaching record levels as PMI data from China, the US, and the UK came in ahead of expectations.
  • The Fund outperformed the index in August with a number of positive stock-specific pieces of news flow.
  • SDL, a position which has been held by the Fund for over seven years, announced that it would be acquired by RWS in an all-share deal valuing its shares at a 52% premium at the time.


Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

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