Under the Bonnet

A roundup of portfolio newsflow covering June from Alex Savvides, manager of the JOHCM UK Dynamic Fund. 

  • Alex Savvides
  • Tom Matthews
10 Jul 2020
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View PDF   Download PDF  
  • The stock market recovery faltered in June after a reacceleration of coronavirus case growth, primarily in the US and to a lesser extent elsewhere.
  • The outcomes from this portfolio of business transformation investments will be heavily driven by the idiosyncratic effects of longer-term capital allocation and business management decisions rather than the shorter-term earnings effects of Covid-19. 
  • We continue to believe that the current portfolio will recover as the year progresses.


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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