Time to adapt

The very latest thinking and portfolio changes from the JOHCM UK Opportunities team. 

  • Rachel Reutter
  • Michael Ulrich
02 Apr 2020
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View PDF   Download PDF  
  • As the global economic turmoil gains pace, we don’t believe that now is the time to be speculating on the possible duration of economic disruption, nor on the prospects of companies which have stretched balance sheets. 
  • We therefore face the uncertainty with what we regard as a solid set of investments in the Fund and the liquidity ready to buy the best opportunities as they present themselves. 
  • You can expect the Fund to continue to twist towards higher quality investments when valuation windows open and participate in select opportunities where balance sheets are in the process of repair.  


Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up and you may not get back your original investment. The information contained herein including any expression of opinion is for information purposes only and is given on the understanding that it is not a recommendation. The Fund’s investment include shares in small-cap companies and these tend to be traded less frequently and in lower volumes than larger companies making them potentially less liquid and more volatile.

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