Fund Focus: Robin Hepworth on why he is prepared to go against the grain

  What has driven the fund's outperformance over five years?  We take a long-term view and seek out companies with sound financials, good management, growth prospects and the potential to generate a strong and consistent cash flow. Often, we find this calls for a contrarian approach and are prepared to go against the grain when it comes to investment decisions.  Getting the allocation right between equities and fixed income has been crucial for this fund. For example, within fixed income, our higher allocation to corporates over government bonds has worked particularly well over the ...