There has been a surge in the pace of wage growth but a rise in the jobless rate following a big drop in the number of payrolled employees, according to the latest official figures.
Dover Wealth Management Services
Equity Fund Overview
The inception of the Dover Wealth Markets Equity Fund dates back to 2010, with its primary objective being the delivery of absolute investment returns. This is achieved by targeting sectors with anticipated strong growth potential in the short to medium term. The fund's strategy aims to surpass most major indices while diversifying investments across various sectors to mitigate risks.
Currently, the fund's focus is primarily on consumer cyclicals, with emphasis on housing, automobiles, retail, and entertainment. These sectors typically perform well during periods of high market confidence and relative security. Over the past 12 months, the fund's exposure to these areas has increased by nearly 20%. Additionally, a significant portion of the fund is allocated to technology stocks, comprising more than 25% of its holdings. Given the recent highs of the NASDAQ, continued strong performance in the technology sector is anticipated in the coming year.
In contrast, the Dover Wealth Equity Fund maintains a lighter stance in industrials, metals and telecom sectors.
Fund Specifics
The Dover Wealth Fund is categorized as a medium to above-average risk investment. While it invests in numerous companies across various sectors, the allocation is not uniform, as the strategy is designed to outperform market indices, albeit with increased risk. The fund is open-ended, with entrance and exit permitted only during the first week of January. The minimum entrance level is set at £250,000. However, due to the combination of low liquidity levels and above-average risk, this investment may not be suitable for all investors. It is advisable to consult with your relationship manager to assess its suitability for your investment objectives.
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