Fund of the week: Good reasons to listen to Geffen
The nine funds managed by Robin Geffen have outperformed their sectors, and he's become one of the top ten rated Trustnet Alpha Managers.
Robin Geffen hit the headlines last week when he led the shareholder rebellion against Prudential's bid for AIA. That coup aside, "there were already good reasons for investors to listen to Mr Geffen", says Charlotte Banks in The Daily Telegraph, including 30 years of investment experience and his funds' performance.
Geffen founded Neptune Investment Management in 2002. Since then most of the nine funds he manages have outperformed their sectors and he's become one of the top ten rated Trustnet Alpha Managers. One of the most impressive performers is the Neptune Russia & Greater Russia Fund. Since its launch in 2004, it's returned 243.3%. Last year alone it delivered 74.26% growth, well above the IMA Sector Average of 39.19%.
Geffen thinks that Russia is a great investment opportunity. It "will be one of the key emerging economies leading global growth, with rapid catch-up potential, low debt levels and something the world will be needing a lot more of as China and India expand: natural resources". Consumers' wages are rising, contributing to a fast-growing middle class "keen to spend their wealth". So Geffen invests heavily in consumer staples. For example, he holds both Wimm-Bill-Dann Foods and X5 Retail.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
This is a fund that takes advantage of long-term trends, says Mark Dampier of Hargreaves Lansdown. Dampier includes the Neptune Russia & Greater Russia Fund in his Wealth 150 - the 150 funds he believes are the best in their sectors. However, this success comes at a price. There is a 5% initial charge and a 1.75% annual charge. But you can avoid the former by using a fund supermarket.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
‘Inheritance tax insurance’ enquiries are soaring – but is it worth it?
Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies costing more the older you take them out.
-
MPs warn over Lifetime ISAs which could leave savers out of pocket
The Treasury Committee has highlighted confusion around the Lifetime ISA withdrawal charge, which risks consumers losing “a significant part of their savings”