Video Interview with PSigma’s Bill Mott
March 20th, 2007
I recently had the pleasure of interviewing the manager of PSigma’s Income Fund, Bill Mott.
The Fund Launch
The PSigma Income fund, managed by Bill Mott, launched on 19th March 2007. There is a three-week launch period and clients can invest through Torquil Clark Investments - please contact us for the application pack.
This fund is not currently available on the Fund Supermarket, however this should be rectified within a matter of months and in the meantime we can still get clients invested. We can also offer a very attractive discount of 4.75% off the initial charge of 5.25%, making the initial cost just 0.5%. The annual management charge is 1.5%.
The Detail
Bill Mott’s style of investing is all about themes and spotting the point where one theme ends and another one starts. He believes it has nothing to do with looking at the past to judge the future, but to anticipate completely different opportunities. For example he spotted the peak of the market in 2000 and with grave concerns for the technology and related markets, he switched from growth to value stocks. After eighteen months of following that strategy he then moved back to aggressive stocks and captured the upward market movements and then switched back again to more defensive stocks.
But as he says, you cannot base your decisions around events in the past, so what can you expect from this new fund in the future?
- He will be personally involved as all of his own SIPP money will be invested in the fund.
- He believes that the market is decidedly choppy at the moment, but that good opportunities still exist.
- He aims to achieve a rising income and an element of capital growth, which of course relies on stockmarket movements.
- He will not look to hold much in cash, as he recognises his investors go to him for exposure in equities and therefore needs to be fully invested.
This is an interesting launch, by a fund manager with a great pedigree. Only time will tell how successful he is in this new venture and although we don’t expect him to be managing money in twenty years time, he is a sound and experienced manager, which can work well in uncertain times.
Please note this is not a recommendation to invest in this fund. You should carry out your own research before making any decision and consult an Independent Financial Adviser for professional advice. Torquil Clark Ltd take no liability for any investment decisions you may take as a result of viewing this film. Please note that the fund mentioned is an equity holding and therefore the value of units, and the income produced, may go down as well as up. Past performance is no guide to future returns.
Author: Philippa Gee
March 20th, 2007
Category: Fund News, Investments.
