One To Watch

IM Matterley Undervalued Assets fund delivers more than 30% to investors over three years as managers seek businesses trading below ‘build price'

A fund which seeks value in unloved stocks has trumped its peer group to take a first quartile ranking in the IMA UK All Companies sector. The IM Matterley Undervalued Assets fund is ranked 30 out of 272 funds over the three years to 16 September 2011, according to Morningstar. During the time it returned 30.8%, compared to the sector average of 17.8%. New start The £28m fund has just passed its third anniversary. It was launched in August 2008, just several months after managers Henry Dixon and George Godber left New Star and Credit Suisse respectively to found Matterley Asset Mana...