CF Canlife
North American Fund

The CF Canlife North American Fund invests in the world's largest economy, home of many of the world’s most successful global companies and brands. It holds a blend of companies of all sizes, seeking to generate long-term returns through a contrarian style.

REASONS TO RECOMMEND

STRONG MACRO APPROACH DRIVES PORTFOLIO CONSTRUCTION
Fund manager Mike Willans begins his investment process with an evaluation of the US economy and prospects for growth. He identifies the current stage of the cycle and his judgement feeds directly into his bias towards defensives or cyclicals and his sector allocation.

INVESTS ACROSS THE MARKET-CAP SPECTRUM
The fund invests in large, medium and smaller companies. For small- and mid-cap selection, top-down analysis is supplemented with bottom-up research, including company visits and conferences. Above all, the manager seeks companies that will prosper due to their market positions, products, superior management and financial strength.

FOCUS ON VALUE
The fund tends to have a value bias and the manager relies less on forecasting because of its inherent unreliability. Instead, he favours companies with low debt, strong cash flow and a high return on equity. Holdings are typically less expensive than the market average and peer group portfolios.

HIGH CONVICTION, UNCONSTRAINED STYLE
With its concentrated portfolio, the fund takes positions that may diverge significantly from the consensus. The manager employs a contrarian slant that allows him to find opportunities where others are afraid to look. He is able to take an unconstrained approach to managing the portfolio and is not tethered to the market, resulting in pure active management, not a closet index tracker.

EXPERIENCED MANAGEMENT
Willans has more than 25 years of investment experience. He joined Canada Life Investments in October 1999 and was appointed Head of International Equities in March 2010. Mike heads up an experienced team that can also draw on the insights of other equity and fixed income specialists at Canada Life Investments.

 

FUND PERFORMANCE

Past performance is not a guide to future performance. The value of investments may fall as well as rise and investors may not get back the amount invested. Income from investments may fluctuate. Currency fluctuations can also affect performance. Performance figures are on a bid to bid with net income reinvested basis. Valuations are based on the previous day's prices.

HOW THE FUND IS MANAGED

Mike Willans uses a blend of top-down macro views and bottom-up stock selection to identify investment ideas in which he has the highest conviction. He takes aggressive sector views that are dictated by the stage in the economic cycle. The resulting portfolio contains a broadly equal split between large companies and small and medium cap stocks.

SHARE CLASS INFORMATION

Share
Class
ISIN SEDOL ONGOING
CHARGE
FIGURE(OCF)
ANNUAL
MANAGEMENT
CHARGE(AMC)
MINIMUM
INITAL
INVESTMENT*
MINIMUM
TOP UP*
C Acc GB00B73N3278 B73N327 0.83% 0.75% £100,000 £100
B Acc GB00B735SW85 B735SW8 1.08% 1.00% £500 £100

FUND MANAGER

Interested in this fund and would like to find out more?

Contact our team who will be happy to answer any questions you may have about this fund.

Tel Icon +44 (0)20 7415 6490

Email Icon contactclinvestments@canadalife.co.uk

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