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9/2/2024
5
min read

Fund manager insights: How to find unique opportunities in UK equities

Rosemary Banyard
Rosemary Banyard

Fund Manager

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The manager of the VT Downing Unique Opportunities Fund explores the latest opportunities that await in the UK equity market.

Downing’s Rosemary Banyard, Manager of the VT Downing Unique Opportunities Fund, recently appeared on FundCalibre’s Investing on the Go podcast, where she discussed the challenges faced by smaller companies, changing sentiment, and political influences on the AIM market.

Rosemary also highlights a successful case study illustrating the concept of long-term compounding success and discusses the following topics:

  • What portion of the fund is currently in small and mid-caps?
  • Is sentiment improving for UK small-caps?
  • Will smaller companies see a rebound in 2024?
  • What is the AIM market?
  • M&A activity in the portfolio
  • Can M&A activity continue for the year ahead?
  • Turnover in the fund last year
  • The fund’s long-term compounding focus
  • The company whose share price has gone up six-fold
  • What are sustainable and competitive moats?
  • Case study into A.G. Barr and its “moats”
  • Case study into GlobalData and partial sell-off

Listen to the podcast here:

What is the VT Downing Unique Opportunities Fund?

The Fund seeks to maximise total returns to investors over the long term by investing in 25-40 unique listed British businesses. These businesses are termed “unique” because we believe that they can achieve superior returns on equity capital as a consequence of possessing clear and sustainable competitive advantages.

Learn more about the Fund: VT Downing Unique Opportunities Fund


Risk warning:

Please note that past performance is not a reliable indicator of future results. Capital is at risk. Investments and the income derived from them can fall as well as rise and investors may not get back the full amount invested. Investments in our funds should be held for the long-term and are higher risk compared to investments solely in larger, more established companies. Opinions expressed represent the views of the fund manager at the time of publication, are subject to change, and should not be interpreted as investment advice.

Important notice: This content is for information only and does not form part of a direct offer or invitation to purchase, subscribe for or dispose of securities and no reliance should be placed on it. This content contains information that is believed to be accurate at the time of publication but is subject to change without notice. Whilst care has been taken in compiling this content, no representation or warranty, express or implied, is made by Downing LLP as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified. Downing does not offer investment or tax advice or make recommendations regarding investments. Downing is a trading name of Downing LLP. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference No. 545025). Registered in England and Wales (No. OC341575). Registered Office: 6th Floor, St Magnus House, 3 Lower Thames Street, London EC3R 6HD.

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