Fund of the week: Outperforming the Sage of Omaha
A little-known fund that styles itself after veteran US investor Warren Buffett has beaten the latter by almost 40% over the past year.
A little-known fund that styles itself after veteran US investor Warren Buffett has beaten the latter by almost 40% over the past year. The ConBrio Sanford DeLand UK Buffettology fund gained 27.2% in 2015, relative to Berkshire Hathaway's 12.7% loss, writes James Phillipps on CityWire. The fund is still relatively small, with assets of £30.7m, but "its profile is rising fast after it capped consistent outperformance since its launch in 2011 with sector-leading returns in 2015".Over a four-year period, it is ranked fourth in its peer group, having returned 98.4%.
The fund's manager, Citywire A-rated Keith Ashworth-Lord, "is not one to worry about short-term noise the focus is very much on measuring individual companies' economic value and projecting this into the future", says Phillipps. He "places great emphasis on finding companies with transparent financials, growing earnings, attractive free-cash-flow conversion and high barriers to entry".
Try 6 free issues of MoneyWeek today
Get unparalleled financial insight, analysis and expert opinion you can profit from.
Sign up for MoneyWeek’s free twice-daily newsletter.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
