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To achieve long-term capital growth by investing primarily in UK equities.
The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund. Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution. Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor. The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.
Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage. Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.
All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.
I and my wife invested £ 7000 (ISA allowance for 1999/2000) each in ISA with Manek Investment way back in April 2000 that time one unit price was £2.43.I have just received my half yearly valuation and statement, invested amount is worth now £1888.62 after 13 years, what a dismal performance after all these years.Since last few years markets around the world has performed very well, at the same time Manek investment has gone into opposite direction, he has always blame current financial market situation for poor performance in his annual report. He is only interested in gambling investors funds where there is no growth, I believe that Jayesh Manek should be sue for his negligence, he does not have any clue about investment but I am alright Jack I have yours loads of £££££££ in annual management fee.
Why are you all so negative? This is a highly uncorrelated fund (R2 = 0.02 over 1 & 3 years), and the top 10 selection is a useful check list of stocks you should sell. ;)Can't believe there is still £20M in this fund
This fund has given me depression absolutely shocking performance If there was a revolution manek would be in the top five to stand agaist the wall
In view of Manek's performance over the last few years, the only hope for a rise in Manek investment is world economic depression. I am deeply disappointed in 10 yes 10 year performance. trebor
Congratulations Manek I see you have made 30% loss after 10 years and gained the bottom position in the leaque table. Anthony Bolton and Warren Buffet had better watch out.
my investment has lost 74% since i bought it. that includes the 5% initial charge plus the 1 to 1&1/2% annual charges. surely this kind of non performance should be compensated.
It seems to me this fund has lost 31% in 10 years, 8% in 5 yrs, 15% in 3yrs and 13% so far this year. Can I sue the IFA who put me into it?
yes sue him for negligence . the worst fund in the world
I think for UT, Trustnet should be giving the TER rather than the AMC which is misleading.
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