| Asset Group | Asset Sub-Group | Investment Category |
| Equities | UK smaller companies | Smaller company |
The trust is managed by Neil Hermon, who has been at its helm since 2002. He is directly supported by two further managers/analysts, the last of whom joined him in 2017, and the wider resources at Janus Henderson. The investment approach is focused on identifying quality growth companies and holding them over the long term. Individual names are assessed using the team’s 4Ms process that covers, Model (competitive advantages and SWOT analysis), Management (quality of leadership), Money (company financials) and Momentum (potential for persistent positive earnings surprises). Ratio-based valuation analysis completes the process. A diversified portfolio is preferred, with over 100 holdings generally seen. There is a focus on liquidity and this, together with the desire to run winners, results in a slight bias towards mid-caps versus the Numis Smaller Companies ex ICs Index. Versus the benchmark there is a clear bias to growth factors, with underweights to commodity sectors and an overweight to IT. There is also significant exposure to AIM listed stocks. These factors can all be expected to influence relative returns over the short term. Gearing has ranged from 7% to 16% over the past few years, with a maximum cap pf 30%. Opinion January 2023 | ||
Risk warnings
Past performance of the underlying constituents is not a guarantee of future performance. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest.
Annual performance can be found on the factsheet of each fund, trust or ETF. Simply click on the asset’s name and then the performance tab.
The information we provide in the ii Super 60 investments list is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”, which means that we have not assessed your investing knowledge and experience, your financial situation or your investment objectives. Therefore you should ensure that any investment decisions you make are suitable for your personal circumstances.
If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial advisor.
Any changes to the ii Super 60 investments list and the rationale behind those decisions will be communicated through the Quarterly Investment Review.
Details of all recommendations issued by ii during the previous 12 month period can be found here.
ii adheres to a strict code of conduct. Members of ii staff may hold shares in companies mentioned in the ii Super 60 investments list, which could create a conflict of interest. Any member of staff intending to complete some research about any financial instrument in which they have an interest are required to disclose such interest to ii. We will at all times consider whether such interest impairs the objectivity of the recommendation.
In addition, staff involved in the production of this ii Super 60 list are subject to a personal account dealing restriction. This prevents them from placing a transaction in the specified instrument(s) for five working days before and after an investment is included or amended and made public within the list. This is to avoid personal interests conflicting with the interests of the recipients of this ii Super 60 investments list.