Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Part of my role as Head of Active Portfolios here at AJ Bell is to ensure that funds on the Favourite fund list are kept under constant review, and to make any changes we deem necessary. Below are the recent changes we’ve made.
Funds removed
On Friday, Nick Clay, manager of the BNY Global Income fund, announced he was leaving BNY, along with the deputy manager and two analysts in the team. With such a large number of the management team departing, we anticipate a lot of uncertainty while the new manager beds in. Clay, who has worked on the fund for a long time and been lead manager for the past five years, was a very experienced manager. We believe he was integral to the fund, and because of his departure, have decided to remove the fund from our Favourite funds list and Ready-made portfolios.
Funds added
We have added the Trojan Global Income fund to the Favourite funds list and to our Ready-made Balanced and Adventurous portfolios. This fund is managed by the very experienced James Harries. He looks to invest in high-quality companies with strong competitive advantages – which he believes can lead to the ability to compound returns over the long term.
In the Ready-made Income portfolio, we’ve added the Evenlode Global Income fund, which we recently added to the Favourite fund list. This fund, which is managed by Ben Peters, operates in a similar manner to Trojan Global Income. But as the three Ready-made growth portfolios already include the Evenlode Income fund, we felt it was important to ensure a diversity of asset managers across the portfolio.
The tables below show the asset allocation for each of the Ready-made portfolios, and the funds which have been removed and added are highlighted.
Balanced portfolio asset allocation
| Previous | New | ||
|---|---|---|---|
| Fund | Asset allocation (%) | Fund | Asset allocation (%) |
| Fidelity Global Special Sits Acc | 11 | Fidelity Global Special Sits Acc | 11 |
| Fidelity Strategic Bond Acc | 23 | Fidelity Strategic Bond Acc | 23 |
| Janus Henderson UK Absolute Return Acc | 10 | Janus Henderson UK Absolute Return Acc | 10 |
| Jupiter UK Special Situations Acc | 15 | Jupiter UK Special Situations Acc | 15 |
| TB Evenlode Income Acc | 20 | TB Evenlode Income Acc | 20 |
| BNY Global Income Acc | 11 | Trojan Global Income Acc | 11 |
| TwentyFour Corporate Bond Acc | 10 | TwentyFour Corporate Bond Acc | 10 |
Adventurous portfolio asset allocation
| Previous | New | ||
|---|---|---|---|
| Fund | Asset allocation (%) | Fund | Asset allocation (%) |
| Artemis Strategic Bond Inc | 6 | Artemis Strategic Bond Inc | 6 |
| Fidelity Global Special Sits Acc | 26 | Fidelity Global Special Sits Acc | 26 |
| Franklin UK Mid Cap Acc | 10 | Franklin UK Mid Cap Acc | 10 |
| Janus Henderson UK Absolute Return Acc | 5 | Janus Henderson UK Absolute Return Acc | 5 |
| Jupiter UK Special Situations Acc | 15 | Jupiter UK Special Situations Acc | 15 |
| TB Evenlode Income Acc | 15 | TB Evenlode Income Acc | 15 |
| BNY Global Income Acc | 23 | Trojan Global Income Acc | 23 |
Income portfolio asset allocation
| Previous | New | ||
|---|---|---|---|
| Fund | Asset allocation (%) | Fund | Asset allocation (%) |
| Artemis Strategic Bond Inc | 10 | Artemis Strategic Bond Inc | 10 |
| First State Global Listed Infrastructure Inc | 20 | First State Global Listed Infrastructure Inc | 20 |
| Man GLG UK Income Professional Inc | 15 | Man GLG UK Income Professional Inc | 15 |
| BNY Global Income Inc | 20 | TB Evenlode Global Income | 20 |
| Trojan Income Inc | 20 | Trojan Income Inc | 20 |
| TwentyFour Corporate Bond Inc | 15 | TwentyFour Corporate Bond Inc | 15 |
Cautious portfolio asset allocation (which remains unchanged)
| Fund | Asset allocation (%) |
|---|---|
| Fidelity Global Special Sits Acc | 5 |
| Fidelity Strategic Bond Acc | 30 |
| Investec UK Alpha Acc | 15 |
| Janus Henderson UK Absolute Return Acc | 10 |
| Royal London Corporate Bond Inc | 20 |
| TwentyFour Corporate Bond Acc | 20 |
We hope you find this update useful. Please remember that it falls to you to monitor and manage your own investments and to make any changes you think are necessary. Keep in mind this is information only, and not a personal recommendation to buy/sell any of the funds referenced above.
Find out more about our Favourite funds list.
Find out more about our Ready-made portfolios.
These articles are for information purposes only and are not a personal recommendation or advice.
Written by:
Ryan Hughes
Ryan Hughes, Investments Director - AJ Bell Investments
Ryan started his career in 1999 working for an independent financial adviser, progressing to become Head of Portfolio Management at an award-winning advisory firm. Ryan then joined a global asset management firm as a Fund Manager, where he oversaw more than £10bn of multi-asset portfolios and also sat on the investment and global asset allocation committees. After seven years, Ryan joined a small multi-asset boutique managing portfolios for clients all around the world, before joining AJ Bell in 2016 to help establish our investment capability and overseeing all investment research for AJ Bell. In 2022, Ryan was appointed as Head of Investment Partnerships with responsibility for managing bespoke portfolios tailored to specific adviser needs and then in 2023, Ryan was made Investments Director with oversight of AJ Bell’s investment capability.
Ryan is a member of the CFA UK Society, is frequently asked for his views in the press and on panel debates while also being recognised as one of the leading fund researchers in the UK.
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