P1’s Portfolio Wins

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  • October 11, 2019

Last night P1 Investment Management’s Growth Seeker hybrid portfolio won the Growth Strategy category at the Citywire Wealth Manager Investment Performance Awards.

The awards are independently judged by ARC (Asset Research Consultant), using historic data from clients invested in the portfolios. This means they are truly reflective of client outcomes over the last 3 years and judged on this. The competition in this category was particularly strong with large national firms in the shortlist. Winning this award highlights how P1 as a relatively new and smaller investment manager can compete and win against larger incumbents.

The Growth Seeker is a hybrid portfolio, blending active and passive investments in seeking to enhance returns and control overall costs. It has an objective to outperform the PIMFA Growth and IA Mixed Investment 40-85% shares benchmarks. Designed for investors who are targeting capital growth with a moderate to high level of volatility, income generation is not the primary objective. The portfolio is expertly managed at 0.25%, with a total fund charge of 0.65%(Based on a weighted average of individual fund charges as of Q3 2019). To see how much investing in this portfolio would cost on the P1 Platform, try our fees calculator.

If you’d like to learn more about this portfolio or about any of our other portfolios (that are based on the same investment approach) please contact our Head of Sales Jonathan Richards, or email us at [email protected]

Will Dickson, CIO of P1 Investment Management commented:

It’s great that the hard work and due diligence of the investment team have been recognised at a national level. We’re so happy to celebrate this achievement.

Looking at the last three years, the portfolio has benefitted from being overweight to UK small and mid-caps post the referendum in 2016. Performance can also be attributed to being overweight in Asian and Emerging Market allocations through 2016 to 2017. Something we focus on at P1 is controlling costs; managing the hybrid mix of active and passive portfolios allows us to keep costs down, attributing to real-world performance for our clients.

Looking forward, equity valuations remain compelling on an absolute and relative, especially when we consider fixed income. We feel that there is a significant opportunity cost to avoiding equities. We believe that while there may be bouts of selling in equities, with the low yields on offer from fixed income, it may only be a matter of time before they return to equities that remain at reasonable valuation levels. We remain positive on Emerging Markets and Japanese equities as these are cheap and out of favour. We also believe that longer-term UK equities present a significant value opportunity.