search menu Home > Sanlam Investments > Our fund range EQUITIES Sanlam Active UK Fund A concentrated fund of high quality UK equities, with a patient buy-and-hold approach. We use thorough fundamental analysis to identify and own the UK’s best businesses. The fund was one of the first funds to be launched when the firm was established. Benchmarked against the MSCI UK Index, it is a portfolio of UK companies with strong structural growth opportunities and attractive cash flows. The fund: Is overseen by a highly experienced team with complementary skillsets Focuses on companies with high and sustainable returns on capital with structural growth opportunities Is a concentrated portfolio with a long-term time horizon Sections: 5 reasons to invest Philosophy ESG Investment process Fund commentary Related articles Fund literature Factsheet KIIDs Regulatory Fund information Meet the Sanlam UK Equities Team Chris Rodgers Head of UK Equities View profile Andrew Evans, CFA Fund Manager View profile Mark Boucher Fund Manager View profile Why invest in the fund? 5 reasons to invest Fund philosophy ESG Investment process Highly concentrated portfolio Nimble and dynamic with high liquidity Guaranteed access to fund manager Disciplined high quality strategy in which we seek to own the best businesses in the UK Low turnover encourages better relationship and knowledge with companies we own. Our investment strategy of buying and holding a concentrated portfolio of high quality businesses allows us to focus on what really drives performance in the long run – business performance. Andrew Evans, Fund Manager Fund Commentary Monthly Commentary Quarterly Update October 2021 The fund underperformed this month, returning 0.8%, while the benchmark rose 2.3%. Global markets were up strongly, with the MSCI World up 4.1%. The S&P500 ended the month up 5.4%, driving up global indices (where the US is the largest constituent). Strong markets generally were driven by a return to favour for growth stocks as the yield curve flattened somewhat and as the Democrats appeared to be closer to passing their spending packages in Washington. There was also a strong start to the quarterly earnings season in the US. The fund’s underperformance was driven mainly through stock selection, with the top detractors being Flutter Entertainment, Becton Dickinson, FD Technologies and two stocks we don’t own in the fund, namely Glaxosmithkline and HSBC (both large positions in the index). The top five positive contributors in stock selection were Integrafin, Conmed, Lloyds Bank and Barclays, all stocks we own, and we were helped by not owning British American Tobacco. Net-net, stock selection was a drag on relative performance this month. Sector allocation boosted relative performance, driven by Financials outperforming (where we have an overweight) and Consumer Staples underperforming (where we had an underweight relative to the benchmark). Our Sector weights are the end result of bottom-up stock picking and a risk management overlay. On the company front, we were heartened by good trading updates from Relx, AJ Bell and Barclays amongst others, which continued the good momentum for operating results for companies in the fund. Explore the details A concentrated fund of high quality UK equities, with a patient buy-and-hold approach. We use thorough fundamental analysis to identify and own the UK’s best businesses. Read the latest factsheet Related articles MARKET WEEKLY 26 November 2021 Shoppers set to spend £9.2billion in 4 days Welcome to our weekly newsletter, where we summarise the key market developments over the last seven days. INSIGHTS 19 November 2021 Greenhouse gas emissions – time for action Focus has increasingly shifted from setting 'net zero' targets towards action in meeting them. Here we discuss commitments to quickly reduce emissions and details of how these will be achieved. MARKET OUTLOOK 10 November 2021 We've reached the peak of the business cycle, is it downhill from here? We’ve reached the end of what has been an incredibly quick business cycle. Growth has recovered, and it’s strong. Inflation is at a 20-year high. Are there only negative surprises to come? Read all Fund Risks Past performance is not a guide to future performance. Do remember that the value of an investment and the income generated from them can fall as well as rise and is not guaranteed, therefore, you may not get back the amount originally invested and potentially risk total loss of capital. A table with five years’ performance is available in the fund factsheets. The Fund invests geographically in a narrow range, there is an increased risk of volatility which may result in frequent rises and falls in the Fund's share price. Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website. (Notes 1, 3 and 4). Ready to invest? Contact us Create a downloadable brochure You can use these buttons to add a page, edit, or print your own brochure Add to brochure Add to brochure Brochure 0 Print Share Contact Us Terms of Use Website Privacy Policy Cookie Policy Modern Slavery Act Transparency Statement Accessibility Legal and Regulatory Sitemap © Sanlam. All rights reserved. Sanlam UK Limited is the provider of the Sanlam website. If you would like to view the regulatory and legal status of each Sanlam company to which this website relates, and the services and products which they provide, please click here. Please agree to proceed. By doing so you agree that you have read and understood the foregoing disclaimer and confirm that you are a professional investor. 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