Marlborough Multi Cap Income Class P

Happychappy

Hi

Has anyone any views on Marlborough funds ? and in particular this fund Marlborough Multi Cap Income Class P.

I am looking at investing for capital growth and reinvesting any income, I have a final salary pension and currently in employment, so wont rely on this income. I also have various equities as well as maxed out on cash ISA's since about when they started, therefore far too much cash languishing in savings accounts, therefore looking at income funds.

I like the look of this fund, purely in the way it operates and see this fund as a higher risk punt for the next year or five. However, I have never invested in income funds, therefore appreciate any views

The two fund managers are Siddarth Chand Lall and Giles Hargreave.

The fund invests in around 140 small to medium size companies, with no huge stakes in any particular one, I think around 2% or so is the largest holding?

I appreciate this fund is more of a high risk due to the size of the firms it is investing in, however, is the diversity of having a large number of companies it invests in, with a small stake in each, a benefit, or is managing such a large number of holdings and keeping on top of these investments more of a problem then I think?

The fund has had a good run since it started in 2011, past performance is not a guarantee.........

HL appear to be reducing the initial costs and annual fees of this fund, or are they? I haven't yet looked into all the costs, only the blurb from HL.

I have not used HL for anything other then the purchase of shares, and have not as yet invested in income funds such as this, therefore any views would be appreciated, both on this fund and the dealing charges of HL or any recommendations of firms with cheaper initial and annual costs?

bigadaj

A smaller companies income fund does sound a bit of an oxymoron to me, as you'd normally invest in them for growth rather than income.

Stock markets have done well over the last few years, and both the income and smaller companies have done better than most, so some people think there might be a correction, but with little else to invest in then stock markets still offer opportunities for growth and yield.

With regard to hl then they have had a bit of a knocking recently, good service and interface but a long way from the cheapest. Hl claim to offer special deals but in most instances they are more expensive than other platforms when their charges are included. For lower sums then the impact of an extra say 0.2% isn't great and ease of use might justify this. Alternatives to look at might be charles stanley direct or cavendish for smaller sums or fixed fee for larger amounts, iWeb or iii fall into the latter camp. Think the crossover comes in around £20-30000.

le_loup

This is a good fund. If you want to increase your spread from the usual large cap bias of most income funds, this should suit you fine. It has had a good run like many smaller cap funds and this may not continue.