Press release: Wellington Management launches US Dynamic Equity Fund

This UCITS fund aims to outperform the US equity market by investing in a select group of high-conviction “best ideas” as well as passive exposure to the S&P 500 Index.

Press release

London, UK, 19 February 2020 — Wellington Management announces that it has launched the Wellington US Dynamic Equity Fund. This Ireland-domiciled UCITS fund aims to outperform the market by investing in a select group of high-conviction “best ideas” in combination with passive exposure to the S&P 500 Index. The weights of the two components will vary depending on the number of stocks in which the manager has high conviction. We believe this is a cost-effective approach which will appeal to investors looking for a fund that combines passive investing with active management’s potential for outperformance.The Fund’s philosophy is based on research indicating that many portfolio managers generate a large percentage of overall returns from just a few high-conviction positions, but they spend a lot of time researching low-conviction stocks to populate the portfolio, which may add little value. Fund Manager Stephen Mortimer said: “I believe investment returns can be mainly driven by a fund’s top holdings. I seek to maximise potential outperformance by focusing on ‘best idea’ stocks only.”Fund highlights

  • A distinctive approach, combining a concentrated portfolio of best ideas with broad US equity market exposure
  • No active position without conviction: we seek to provide above-market returns by investing in individual companies only when we have a high degree of confidence
  • In a market where outperformance can be hard to come by, we believe our approach offers a diverse and cost-effective solution for your portfolio

The Fund Manager has over 22 years’ investment experience. As well as conducting his own fundamental analysis, Steve draws on Wellington’s wider in-house investment research platform — including over 50 career analysts dedicated to global industry research.Roy Smale, Head of Wellington’s EMEA Client Group, said: “We are pleased to launch the Wellington US Dynamic Equity Fund. We believe this ‘best of both’ active and passive approach will resonate with investors looking for a differentiated way to access Wellington’s extensive expertise in active management of US equities.”


About Wellington Management
Tracing our history to 1928, Wellington is one of the world’s largest independent investment management firms. With over GBP 870 billion in assets under management as of 31 December 2019, we serve as a trusted investment adviser to a diverse client base of more than 2,200 institutions, insurers, global wealth managers and mutual fund sponsors in over 60 countries. Our comprehensive investment capabilities are built on the strength of rigorous, proprietary research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients.

The UK is an important market for Wellington. The firm has a large base of UK clients, and its London office, which was opened in 1983, is a hub for Wellington’s investment and distribution efforts.

Media Contact Information
Prosek Partners UK (communications support to Wellington)
+44 (0) 20 3878 8575

Notes for Editors
For professional investor/trade press only. The Fund is registered for public marketing only in the following jurisdictions: Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Singapore, Spain, Sweden, Switzerland and the United Kingdom.

This press release is provided by Wellington Management International Limited, a firm authorised and regulated by the Financial Conduct Authority (FCA) in the UK. It is provided for informational purposes only for journalists and media professionals only, and is not intended to constitute a financial promotion under the FCA’s Conduct of Business rules.