Downing Monthly Income Fund Presentation at MELLO London November 2018

This video can be seen at: https://www.piworld.co.uk/2018/12/09/downing-monthly-income-fund-presentation-at-mello-london-november-2018/   Downing Monthly Income Fund presentation at Mello London 2018 By James Lynch, Fund Manager   Covering the key points of the fund, and how they do it Top quartile yield: the fund is committed to providing a market and sector beating yield. High conviction portfolio: 30 – 40 holdings allow best ideas to drive performance. Risk-adjusted portfolio construction: with our bottom-up approach, we believe we have a full understanding of our investments. Strong balance sheets, good cash generation and efficient operations reduce risk. Value-led: we aim to buy businesses at attractive valuations, to improve returns and protect against downside risk. Multi-cap approach: the fund applies Downing’s small-cap expertise across a range of UK market capitalisations. Distributions: income is paid monthly.   Duke Royalty (DUKE) – 00:27 Downing Monthly Income Fund – 01:21 Market backdrop – 01:31 Philosophy – 05:16 The positions: Adept Technology (ADT) – 07:50 Photo-Me International (PHTM) – 11:19 Maintel Holdings (MAI) – 14:29 Lock ‘nStore Group (LOK) – 17:14 Summary about Downing Monthly Income – 19:02   Q&A – 21:07