UK

The UK Equity strategy aims to outperform its benchmark, FTSE All-Share Index, by at least 3% per annum over a three-year rolling period. It targets high returns and long term capital growth by investing in a portfolio of primarily equity and equity-related securities traded in the UK. 

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UK Equity Strategy

The UK Equity strategy targets strong excess returns by primarily focussing on bottom-up stock selection, but with an awareness of the prevailing macroeconomic conditions. 

Andrew Raikes has been managing the UK equity product at TT since its inception in 2004. He believes that long term outperformance comes from investing in companies with sustainably high returns that can compound growth over time, subject to valuation. In addition to this core, he also looks to exploit other market mispricing opportunities including undervalued balance sheet optionality, restructuring, corporate change, asset value and special situations.

Portfolio construction is the synthesis of idea generation, conviction and risk management. The strategy will typically hold between 30 and 50 stocks, with an active share of typically 60-70%.

The following aspects of our investment process provide an edge and set the TT proposition apart from the competition:

  • Stock selection. Key to our process is rigorous fundamental bottom-up analysis with a consideration of top-down trends. We use this to identify investment opportunities as well as catalysts that should crystallise value for investors.
  • Unconstrained. TT’s philosophy and heritage is entirely in active management, meaning we are focused on deploying capital where we have the highest conviction and where we see the best returns. Consequently, we are comfortable with deviating substantially from index weightings.  
  • Strong sell discipline. We believe the process of selling investments is just as important as the process of buying them.
  • Flexibility. Whilst our research process is extremely thorough, our structure, focus, and size affords us the ability to make timely investment decisions when market conditions require it.  This gives us a significant edge over the competition.

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