SVM Asset Management - Funds - UK Absolute Alpha Fund

The SVM UK Absolute Alpha Fund is a long/short UCITS III fund focused on UK equities. It aims to maximise returns from SVM’s stockpicking skill via a portfolio of conviction ideas, generating returns from both stocks that are likely to rise, and those that are likely to fall. It aims to capitalise on manager skill – alpha – to produce long-term absolute returns.

Colin McLean hosted a webconference on 25th June giving an update on the Fund and the opportunites he sees in the market.

> Listen to a recording of the conference call

> Download transcript

We are pleased to announce increased flexibility on pricing across the entire SVM Retail OEIC Fund range by enhancing initial commission up to 5.25%.

The offer will run from 1st October 2009 until further notice while we await the publication of the Retail Distribution Review. It allows intermediaries to rebate up to 5.25% of their commission to clients, so if an adviser is remunerated on a fee basis they can choose not to take any commission and give their clients access to SVM's funds with no initial charge.

How to invest

Fund aims

The SVM UK Absolute Alpha Fund aims to:

Beat cash returns over a 12 month period
Substantially beat cash returns over 36 month periods
Beat the Equity market over a full cycle

The Fund was launched on 11 March with a static price of 100p for the offer period. The variable pricing of the Fund started on 8 April 2009.

	Price	Date
Retail Share Class A	93.82 p	01 Sep 2010
Institutional Share Class C	94.74 p	01 Sep 2010

The prices for the Fund are calculated at 12 noon each day. The Fund operates on a forward pricing basis.

Please note that the above prices are for information purposes only and are not necessarily the price at which the Fund can be bought or sold.

The Fund was launched on 11 March 2009.

Fund Codes

	Sedol	ISIN	MEX
Retail Share Class A	B4YGDH9	GB00B4YGDH95	SXUKAA
Institutional Share Class B	B4YGDJ1	GB00B4YGDJ10	SXUABA
Institutional Share Class C	B4YGDK2	GB00B4YGDK25	SXUAAL

What with the credit crunch’s effect on stock markets, slumping property prices and low returns on cash, there’s no doubt that traditional investments have been having a rough time.

Now, thanks to UCITS III, fund managers have the ability to short – and the potential to deliver positive performance in falling markets as well as rising ones. So an absolute return fund at the present moment makes a lot of sense.


	The SVM UK Absolute Alpha Fund is backed by our lengthy track record of successful absolute return investing. It's based on our UK long/short equity fund - SVM Saltire Fund - which, since inception in October 2002, has never had a 12-month period in which it lost money for investors. Rolling 12-month performance


	As a rule of thumb, SVM Saltire Fund aims to capture around 80% of the upside in a rising market. Moreover, it has demonstrated an inverse correlation during market falls, maintaining overall positive returns. SVM UK Absolute Alpha Fund is likely to show a similar correlation pattern and would therefore provide diversification benefits within a balanced portfolio. Exposure chart

SVM UK Absolute Alpha Fund Manager - Colin Mclean

Colin has over 30 years' investment experience and is widely regarded as one of the UK’s top stockpicking analysts, his successful track-record includes 16 years running long/short portfolios. Prior to establishing SVM Asset Management in 1990, he held senior positions with three major financial institutions. He was Head of Investment of two UK life assurers, FS Assurance and Scottish Provident, before being Managing Director of Templeton International’s European operations. His sector responsibilities include UK banks, insurance and mining.

> Meet the rest of the team

Call 0800 0199 110 today for enhanced dealing terms.

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	Simplified Prospectus Download PDF (opens a new window)