svm gets gold and silver

Edinburgh-based boutique SVM has received two gold and two silver fund gradings after exceeding S&P Capital IQ’s quant hurdles, according to the ratings agency’s latest update.

svm gets gold and silver
1 minute

The asset manager focuses on UK and mainstream European equity investing and four of its funds have been assigned gradings.

The SVM UK Growth Fund and SVM Continental Europe Fund were given gold gradings, while the SVM UK Opportunities Fund and SVM All Europe SRI Fund received silver gradings.

SVM was co-founded by Colin McLean and Margaret Lawson in the 1990s and Lawson runs the UK Growth Fund, which sits comfortably in the top decile of the S&P Capital IQ peer group over five years.

Meanwhile, Neil Veitch, who runs the UK Opportunities Fund and also has a share in the business, has the ability to go short offering a potential source of alpha.

Daniel Vaughan, fund analyst at S&P Capital IQ, said: "Lawson has made full use of the allowed flexibility and has demonstrated skill in her portfolio manoeuvres, allowing the fund to attain an S&P Capital IQ gold grading.

"Veitch has been consistent in his undervalued growth investment philosophy," he added.

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