F&C Pacific Growth: Qualitative Rating Issued
F&C Pacific Growth is run by an experienced fund manager, but we believe it’s a lacklustre choice for investors.
"Experienced portfolio manager Mike Hanbury-Williams runs the fund and heads up F&C’s Asia Pacific (ex Japan) team of analysts. When previous manager Mark Williams resigned in 2007, Hanbury-Williams was the obvious person for the job as he had run the fund up until 2004; he’s also head of the team. Experience is a good thing, but therein lies the problem. Having previously indicated his desire to step away from managing money and concentrate on running the team, circumstances have forced him back into fund management. This means we need even more comfort that the team is functioning smoothly and we don’t have it at this point."
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