|Bid Price||-||Offer Price||-|
|Mid Price||GBX 384.52||Day Change||GBX -3.01 (-0.78%)|
|Price Date||22 Nov 2017||Crown Rating|
|Shares Class||Inc.||Yield||0.00 %|
|Total Expense Ratio||1.02||Fund Size||245,423,022.54|
|Launch Date||10/03/2008||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.75||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000,000.00||Total Expense Ratio (%)||1.02|
|ISIN||GB00B2PX1C62||Min TopUp (£)||10,000.00|
The Absolute Equity Fund is a fundamental equity long/short strategy which aims to achieve a positive absolute return for investors over rolling 36 month periods, primarily through investment in UK and global equities. The Fund is managed against a cash benchmark, reflecting the aim to deliver a positive return in all stock market conditions over rolling 36 month periods. There is no actual guarantee that these returns will be achieved over the specified, or any, time period, and capital is not guaranteed. In seeking to achieve absolute returns, the Fund may from time to time behave independently to equity markets and can even fall in value when equity markets rise. The manager seeks to generate positive returns from each position but, at times when this does not occur, the Fund may suffer negative returns. This behavior is partly reflected in the Fund's Key Investor Information Document Synthetic Risk and Reward Indicator score of 5.
In March 2008 whilst at Octopus, David launched the Fund that is now named the City Financial Absolute Equity Fund. Prior to Octopus, David co-managed a £500m UK smaller companies portfolio at Hermes, which demonstrated significant outperformance of the FTSE Small-Cap and AIM benchmark. He has more than 14 years of investment experience and joined City Financial in September 2012 having previously worked at Octopus Investments, Hermes Investment Management and M&G Investments. David graduated from Durham University with a first class Honours degree in Chemistry.