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  1. About
  2. Funds
  3. Invest
  4. Literature
  5. News
  6. Contact

TM CRUX European Fund

The TM CRUX European Fund is managed by the same successful team behind the TM CRUX European Special Situations Fund (CESSF), namely Richard Pease and James Milne.


The opportunity

Europe continues to be home to attractive investment propositions with the potential to deliver good long-term returns. The TM CRUX European Fund identifies high quality businesses, which hold their own within global markets, are cash generative and have the ability to dominate their niche, run by management with a good track record for success.

The TM CRUX European Fund complements the TM CRUX European Special Situations Fund, meeting demand for a vehicle which adopts the same tried and tested strategy whilst offering greater exposure to European large cap stocks.

The Fund will achieve the investment objective by primarily investing in European (excluding UK) domiciled companies listed on regulated European stock exchanges. The investments will be ordinary shares and other transferable securities including, but not limited to, preference shares and debt securities convertible into ordinary stocks and shares. The Fund may also invest in cash, money-market instruments and deposits.

 
FUND NAME TM CRUX European Fund
FUND MANAGER(S) Richard Pease & James Milne
LAUNCH DATE 2 November 2015
PERFORMANCE COMPARATOR  IA Europe (ex-UK)
STATUS UCITS (UK)
PRICING FREQUENCY Daily (noon)
LAUNCH PRICE 100p
STRATEGY  Long only equities
REGULAR SAVINGS Yes, only Class I GBP: £100 per month minimum


The Fund will be managed on a concentrated basis in Europe and may also invest outside of Europe if the investment manager believes that it should be beneficial for the Fund.

Investors should note that while the investment objective of the Fund is to achieve long term capital growth there may be situations in which an income return is also achieved.

The TM CRUX European Fund typically is more concentrated than the average OEIC sub-fund. Whilst increasing the potential reward, the nature of this funds can increase risk. As such, the returns may be more volatile and will be impacted more by fluctuations in the value of underlying stock.

Derivative transactions may be used for the purposes of meeting the investment objective of the Fund as well as for hedging purposes, although it is not anticipated that the Fund will use this power to enter into derivatives at present.

The TM CRUX European Fund employs the same rigorous investment approach as the TM CRUX European Special Situations Fund, focusing on four key criteria for stock selection:

  • Companies that are not highly capital intensive but generate good cash flow that is either invested in the business, put to work in corporate actions such as M&A or returned to shareholders as dividends;
  • Companies with high barriers to entry and strong pricing power, enabling them to produce robust earnings with good growth potential;
  • Businesses whose management have proven track records as well as meaningful stakes in the companies they run;
  • Companies that have relatively conservative valuations versus their peer group.

Fund Prices

Fund Objective

The investment objective of the Fund is to achieve long-term capital growth by investing primarily in equities of European companies.

Fund Managers

Richard Pease
Richard has over three decades of experience in the financial industry. He has managed the CESSF fund since its launch in October 2009.

James Milne
James  has been co-manager of the fund since June 2015 previously assisting on the fund since launch in October 2009.

Expertise and experience - that's the      Contact Us

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