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IFSL Brooks Macdonald Defensive Capital Fund moves to IA Targeted Absolute Return sector


As of 21 March 2016, the IFSL Brooks Macdonald Defensive Capital Fund has moved sectors to the Investment Association (IA) Targeted Absolute Return sector.

The change comes following strong demand from investors to move the fund from its current sector, the IA Mixed Investment 20-60 per cent Shares, into a sector that more accurately reflects the fund’s risk/return profile and absolute return-like nature. In addition to the change in sector, the fund’s investment objective has also been updated to enable it to sit within the new sector.
Brooks Macdonald co-founder and Investment Director, Jon Gumpel, manages the Defensive Capital Fund, which was launched on 21 December 2006 and has funds under management of GBP208.32 million as at 29 February 2016. The fund has provided an annualised return of 5.16 per cent over five years to the end of February.
Kevin Addison, Head of Funds Distribution, BMF, says: “I am delighted that the fund has now moved to the IA Targeted Absolute Return sector, which is where we feel it belongs. The fund has provided strong risk-adjusted returns since launch and recently went through GBP200 million in funds under management. Both achievements are testament to the fund’s experienced management team and proven and consistent investment process. In addition, we believe the change will help bring the fund to the attention of investors who are looking for alternatives to some of the bigger absolute return funds in the marketplace.”

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