Richard manages the fund with a total return mind-set aiming to seek out those companies that have been overlooked by the wider market but where he believes there is long term value. The process attempts to identify company valuation anomalies with a specific focus on company free cash flow and the company ability to grow dividends. Richard has been known to take a contrarian view to his peers and will invest with conviction.
We like the fund as it has consistently demonstrated an ability to protect investor’s assets in down markets due to its defensive nature. The long term performance of the fund has been strong. Colombia Threadneedle has a strong and a highly regarded UK equity team, of which Richard is a senior member.