Posted inTop Trumps

Mutual Fund Top Trumps: UK equities – 11 April 2024

This week FSA presents a quick comparison of two UK equity funds: the BlackRock United Kingdom fund and the Invesco UK Equity fund.
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

BlackRock United Kingdom fund

The fund invests at least 70% of its total assets in the equity securities of companies incorporated or listed in the United Kingdom.

Top 10 holdings:

  1. AstraZeneca (8.74%)
  2. RELX (7.34%)
  3. Shell (6.56%)
  4. Rio Tinto (5.86%)
  5. Compass Group (5.75%)
  6. 3I Group (4.66%)
  7. Next (4.49%)
  8. London Stock Exchange Group (4.31%)
  9. Pearson (3.37%)
  10. Standard Chartered (3.12%)

Invesco UK Equity fund

The fund manager focuses on valuation at the point of purchase and believes that many of the best ideas are non-consensus. The fund manager deploys a bottom-up, valuation-driven approach to stock selection, using the assessment of a company and its valuation as the key driver in his decision-making process.

Top 10 holdings:

  1. Shell (6.5%)
  2. BP (6.2%)
  3. AstraZeneca (4.9%)
  4. Unilever (4.6%)
  5. GSK (3.8%)
  6. SSE (3.7%)
  7. Anglo American (3.7%)
  8. NatWest (3.5%)
  9. Lloyds Banking (3.5%)
  10. Sanofi (3.4%)

Part of the Mark Allen Group.