Investment FundsLibero Cautious Fund

The Cautious Fund aims to preserve capital in the long term through holdings in fixed interest and cash instruments such as Treasury bonds, corporate bonds and index-linked gilts. The managers also aim to produce medium-term growth by investing some of the fund in equities, mainly FTSE 100 companies, and in other assets. The Cautious Fund aims to be more stable than the average Cautious Managed fund by restricting the maximum equity content to 35% of the portfolio compared with the maximum of 60% allowed by the Investment Management Association for cautious funds.

Investment Process

Cheviot's investment process combines strong disciplines with customised, flexible asset allocation and stock selection. Our approach is a combination of 'bottom-up' and 'top-down' analysis. We are not constrained by one particular investment style (such as growth, value etc.) and believe the best returns come from a flexible approach during different economic cycles. We aim to reflect our views on asset class and geographical allocation through the portfolio and support these with conviction ideas. To select our holdings we use a combination of quantitative analysis, in-house fundamental research and company visits. When selecting collective funds we insist on face-to-face meetings with all managers with whom we plan to invest and submit them to a rigorous due diligence process. Once invested we monitor and review performance on an ongoing basis.