WHAT DOES IT DO?
Ultimately, manager Mark Barnett tries to grow investors’ pots over time while investing in companies that are likely to increase their dividend payments. He does this primarily by investing in UK firms.
WHAT DOES THE MANAGER INVEST IN?
Barnett likes large, cash-generative businesses that offer the potential for dividend growth at an attractive price.
He is not keen on firms that don’t have control over their prices, such as mining and oil firms, although he does own BP and Shell stock.
Other picks include drugs group Astrazeneca, insurer Legal & General and defence firm BAE Systems.
He has turned £10,000 into £13,120 in five years.
WHAT DO THE EXPERTS SAY?
Laith Khalaf, of broker Hargreaves Lansdown, said Barnett ‘has a good long-term track record. He likes UK domestic stocks, which have struggled of late, but he is an interesting pick for investors who like to go against the grain’.
WHAT DO THEY LIKE?
Khalaf said: ‘He takes a different approach to most managers – he can take advantage of opportunities others are not willing to look at.’
AND ARE THERE ANY DOWNSIDES?
Barnett is a contrarian investor – he likes companies that are unloved or unfashionable.
That can pay off, but it also means you could be in for a bumpy ride.