Fundcalibre launched the Elite Radar for funds that have yet to pass their three-year track record. Eight funds were included in the initial cohort and are now joined by four recently launched products, one fund with a new manager and another with a change of process.
The Gam UK Equity Income fund was launched for Adrian Gosden in October 2017, while ex-Cazenove and Schroders duo Paul Marriage and John Warren launched Tellworth UK Smaller Companies in November last year. Other recent launches on Fundcalibre’s watchlist include Rathbone Global Sustainability, managed by David Harrison, and Smith & Williamson Artificial Intelligence.
Ex-Newton manager James Harries took over the Trojan Global Income fund two-and-a-half years ago, while the remaining addition to the Elite Radar group is Polar Capital Healthcare Investment Trust, which shifted its focus from income to growth in 2017.
Global funds feature heavily in Elite Ratings
Five global, three regional equity products and one absolute return have achieved the full Elite ratings.
Fundcalibre highlighted JOHCM Global Opportunities as one of the least volatile in its sector, while the Lazard Global Equity franchise was praised for removing behavioural biases through a systematic approach to portfolio construction. Merian’s and Invesco’s global equity income funds also landed the Elite rating alongside Threadneedle Global Select.
Twentyfour Absolute Return Credit was the one fixed income fund included in the line-up.
Within regional equity funds, Artemis US Extended Alpha, Baillie Gifford Japanese Smaller Companies and Waverton European Capital Growth were all represented.