J O Hambro Capital Management funds receive ‘A’ rating

J O Hambro Capital Management (JOHCM) has today announced that two of its funds, European Select Values Fund and Continental Select Values Fund have been awarded the ‘A’ Fund Management Rating by Standard and Poor’s (S& P).

Both funds, which are managed by Willem Vinke have been awarded this rating in recognition of their robust investment processes and “consistent annual outperformance.”The Continental Select Values Fund is first decile and returned 21.26% versus 16.10% of its benchmark, the FTSE Eurofirst 300 ex UK TR – since inception in March 2006. The European Select Values Fund is first decile since inception in May 2003 and has produced 147.8% performance versus 101.03% for the benchmark, the FTSE Eurofirst 300 TR.

Nichola Pease, chief executive at JOHCM, commented: “Achieving an ‘A’ rating from Standard and Poor’s for the two funds is a great accomplishment and only goes to demonstrate the wealth of experience and skills Willem has brought to JOHCM over the last five years.”

Willem Vinke, fund manager of the JOHCM ESV and CSV Funds, said: “I am delighted that both my funds have been awarded this prestigious rating. The philosophy for the funds is to invest in companies which have a high return on capital employed (ROCE) in addition to a high free cash flow (FCF), are in special situations, exhibit undervalued growth potential, or a combination thereof. The bottom-up stock selection process we employ is evidently proving successful and we plan to maintain this investment strategy going forward.”