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Collins Stewart Equity Focus Fund Outperforms Market By 16.3%

by Carla Johnson, Investors Offshore.com

28 July 2003

UK stockbroker, Collins Stewart announced last week that its first retail fund, the European Equity Focus Fund has outperformed the market by 16.3%, bringing in returns of 26.5% in the second quarter.

The fund, domiciled in Guernsey and listed in Dublin, was launched in April 2002, and has attracted £11 million to date.

Speaking with regard to the fund's solid performance in the second quarter of this year, its manager, Rod Sleath announced that:

'We are pleased with the performance of the fund over the quarter, and with the relative performance since launch. We continue to seek undervalued businesses, and strongly believe that a focussed, fundamental, logical approach to investment will continue to generate superior returns over the medium term.'

Collins Stewart also revealed that an FSA-recognised version of the fund, the Continental Europe Focus Fund, launched earlier this year, has returned 21.8% in its first quarter of operation.

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