Neptune US Opportunities added to Wealth 150
We have recently added the Neptune US Opportunities Fund to the Wealth 150, our list of favourite funds in each sector.The US market is an area where countless fund managers struggle to produce consistently good results. History has shown outperforming
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the S&P 500 over the long term is extremely difficult. The Neptune US Opportunities Fund has managed this over the past five years and whilst past performance is not a guide to the future, we believe the team have the ability to impress moving forward.Felix Wintle, the fund manager has impressed with his economic and sector views. At the beginning of March he repositioned his portfolio into stocks that he feels will perform well in a recovery, such as energy, materials and retail. He also increased his weighting in financials. Albeit a short time period, since then the S&P 500 has grown 17.7% (source Lipper: 9/03/2009 to 15/05/2009), and the portfolio has benefited from its exposure. Conversely, he is also wary that the recent optimism might have been overplayed and is prepared to move his portfolio into defensive areas if and when the time is right.Felix Wintle is prepared to change his style to accommodate the current market conditions. Keen to take advantage of short term opportunities he is using 40% of the portfolio for shorter term trading ideas. The remaining 60% of the portfolio is used as a long term core.The success of this fund so far is partly down to Neptune and their group views. They were one of the first to realise banks were in trouble, a view taken across all of their funds that proved correct. They have made the right sector calls time and time again, a main reason why we have faith in their ability. In addition 75% of the company is owned by staff and directors, a real incentive for sensible management and long term growth.The US was the first major economy into recession, many believe they will be the first out. If this is the case, the stock market should benefit in advance of an economic turnaround. We believe the Neptune US Opportunities Fund is well positioned to outperform in the current market conditions, and over the long term.Stuart Goodwin, Analyst> Key Features of the Neptune US Opportunities Fund
