FTSE 100-focused Wallis is aiming to beat index by up to 10% each year

Call options and overlays are two of the strategies used by Russell Wallis and co-manager Simon Wilson on JOHambro's flagship UK equities vehicle

JO Hambro's Waverton UK fund has been increasing its exposure to miners, UK banks and considering writing call options again, according to manager Russell Wallis. The fund invests solely in FTSE 100 stocks and aims to outperform the index by up to 5% on a yearly basis. Since its launch on 1 April 2007, the Dublin-domiciled Ucits III Oeic has shown performance of -30.2% to 30 April, compared to the FTSE's -32.7%, according to Lipper data. Wallis, alongside co-manager Simon Wilson, says he is positioning the portfolio to take advantage of future global energy demand and is warning th...