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Fantasy Fund of Funds: summer transfers revealed

Fantasy Fund of Funds: summer transfers revealed

As the world of football once again reignites with money-spinning transfers, Citywire Global’s fund selection pretenders are also given the chance to shake-up their line-ups.

Following the announcement of the second quarter results – which saw Matt Goodburn supplant Amy Williams at the top of our in-house rankings – each would-be selector now has the option of one fund manager change.

Here we encounter a real-life headache for the fund selection world. When do you cut your losses on a fund manager and how do you choose a successor? Or do you just bite your lip and stand fast on your convictions?

Well, three of the Citywire Global have taken the latter option. Both of the early front runners Amy Williams and Matt Goodburn are sticking to their guns, while Emily Blewett hopes her current selection will win out.

So let’s find out where the remaining two selectors have opted to switch things up. (For a full reminder of the fund selection line-ups click here)

Atholl Simpson, Deputy Editor

In: AllianceBernstein-US Small and Mid-Cap Pf S USD (James MacGregor)

Out: Dynamic Power American Growth (Noah Blackstein)

Atholl has not had the best of luck in the first two rounds. While he has had no real car crashes, a lot of his ire has been centred on his US equity selection.

With that in mind, our intrepid deputy editor has jettisoned Noah Blackstein in favour of a small- and mid-cap biased strategy run by James McGregor.

If the AllianceBernstein manager’s performance can ape the other small- and mid-cap US equity managers’ performance so far this year, Atholl could be onto a winner.

Year-to-date performance: AllianceBernstein-US Small and Mid-Cap Pf S USD (18.7% in US dollar terms)

Chris Sloley, Reporter

In: Renaissance Frontier Markets C USD (Sven Richter)

Out: Polar Capital Emerging Markets Income (William Calvert)

Even though emerging markets in general have taken a hammering, I do think there are some managers who can outperform here.

The intent to exploit the emerging market income play has not come to fruition and instead I have opted to go even further afield and tackle the frontier.

Renaissance’s Sven Richter has a niche approach with tangible growth prospects and also impressed at a recent roundtable while discussing his soft-closed fund.

Year-to-date performance: Renaissance Frontier Markets C USD (7.24% in US dollar terms)

The funds will be added into the third quarter results. Performance will be back-dated to include the new additions.

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