Investment Firepower
The Citywire A-rated managers of the IFSL RC Brown UK Primary Opportunities fund have significant firepower in their arsenal to take advantage of current market volatility and forthcoming primary opportunities.
The trio – lead manager Oliver Brown alongside his two co-managers, Bob Brown and Alan Beaney – are holding 10% of the fund in cash, up from typically 3%, ready to deploy when markets sell-off and discounts rise.
‘We continue to consider the UK market to be unloved and offering value,’ says Brown. ‘With a UK market dividend yield in excess of 4%, regardless of the inevitable volatility, we are paid to wait and we believe greater certainty over Brexit and the health of the global economy will emerge in coming months.’
