Defensive Growth Fund

Defensive Growth Fund

Fund aim

The investment objective of the Fund is to achieve long-term steady capital growth by adopting a policy to normally invest at least 50% of the assets in zero dividend preference shares (ZDP's), and synthetic ZDP. The Fund may also invest in other transferable securities, money market instruments, deposits, collective investment schemes and warrants.

The name of the Fund changed from Smith & Williamson MM Cautious Growth Fund to Smith & Williamson Defensive Growth Fund on 6 October 2016, to more accurately reflect the performance objective of its IA sector.

Other share classes of this Fund are available. For further information, please contact Pooled Funds Enquiries on 020 7131 8100.

Fund managers

James Burns

James co-heads Smith & Williamson’s Managed Portfolio Service as well as leading the Multi Manager team, which oversees the Smith & Williamson MM Global Investment Fund, the Defensive Growth Fund and the MM Endurance Balanced Fund.

James joined the firm in 1999 and started working on the investment trust desk in 2001. He also sits on the firm’s Asset Allocation Policy committee.

Genevra Banszky von-Ambroz

Genevra joined the Smith & Williamson investment management graduate scheme in 2008 and became a permanent member of the firm’s multi-manager team in 2010.

Genevra is co-manager alongside James Burns on the Smith & Williamson Defensive Growth Fund, MM Global Investment Fund and MM Endurance Balanced Fund.

She became a member of the firm’s Managed Portfolio Service Investment committee in January 2015.

In addition, she helps to coordinate Smith & Williamson’s recommended funds lists with a focus on investment companies and is responsible for the coverage of infrastructure funds for the firm.

RISK WARNING
Capital at risk. The value of investments and the income from them may go down as well as up and investors may not get back the original amount invested. Past performance is not a guide to future performance. Further information is available in the Key Investor Information Document (KIID), the risk section of the Fund’s prospectus and the Fund Factsheet. Please read the KIID before making any investment decision.

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