SEPTEMBER 2014 THE GOOD LIFE 17 Investments & financial services


Finding Alpha R


ichard Penny has managed Legal & General’s UK Alpha Trust since it launched in 2005. Tis is not a typical


UK equity fund. Richard is free to invest in shares ranging from blue-chip stalwarts to exciting start-ups. Many of the most exciting opportunities


can oſten be found at the


smaller end of the scale, and this is where the fund tends to invest. Richard and his team investigate companies in great detail, getting to know the management before they invest. He aims to identify those shares that he believes offer the best opportunities anywhere in the UK market.


Richard is free to invest in shares ranging from blue-chip stalwarts to exciting start-ups.


Alpha is the value a fund manager can


add through their expertise compared to the returns that could be expected from the index alone. Please remember the value of an investment


and any income from it may fall as well as rise and is not guaranteed. You may get back less


For more information visit: www.legalandgeneral.com/investments Legal & General (Unit Trust Managers) Limited. Authorised and regulated by the Financial Conduct Authority.


© National Trust 2014. Registered charity no. 205846. © National Trust Images / Solent News and Photography Agency.


From a tranquil garden to a favourite coastal path, you can help protect your special places for ever, for everyone, by leaving a gift in your will to the National Trust. You can choose where your legacy goes and a gift of any size makes a big difference to us as a charity. Find out more by calling 0344 800 1895 or visiting www.nationaltrust.org.uk/legacies


than you invest. Although there is no fixed term, you should


consider an ISA or unit trust investment to be medium to long term, ideally five years or more. Te fund invests in smaller companies,


which tend to be riskier than large companies. Tis is because their shares can be harder to buy and sell. Te value of them may go up and down more oſten than funds that invest in larger companies, and by larger amounts, particularly in the short term. Most funds spread investments across


lots of individual holdings, rather than relying upon the performance of just a few. The whole of this fund, or a large part of it, invests in relatively few individual holdings. This means that a fall


individual holding can have a major impact on the overall performance of the fund.


in the value of an


Help the places you love last forever


FINE ART INVESTMENT GOES GLOBAL


Buying fine art is readily seen as an essential way to bring asset diversity and security to an investor’s portfolio.


The European Fine Art Foundation (TEFAF) measured the global market at US$56 billion last year and broadly speaking fine art investments reach annual rates of return between 8% and 20% over a 10-year period.


Performance analyses of the arts markets has been conducted for a number of decades now. The widely recognized benchmark for fine art tracking is the Mei Moses All Art Index. The average annual return of the Index from 2007 to 2013 was a healthy 13.83% and continues to perform well.


In addition, bolstering the fine art market is the rise in growth of sales, in 2013 a new world record was set for highest price sold courtesy of Francis Bacon’s three-panelled painting, the three studies of Lucian Freud, which went at Christie’s in


New York for US$142.4 million.


Fine art has truly reached a global market. Through online auctions, fairs and virtual galleries, investors from all over now have greater access. Sotheby’s provided real insight into this with figures showing their buyers came from 36 countries in 2003, whilst in 2007, this figure had tripled.


Though for those who are unused to buying art as an investment or a first-time buyer, it’s wise to speak to those who work in the industry, as you’ll often gain a fresh insight or perspective on an artist and their career’s work. First time buyers will in general invest around £2000 to £15,000.


Sovereign Antiques Collections recommends to anyone considering investing in art; “Be open-minded and inquisitive, ask lots of questions and take the time to visit galleries and speak to professionals. Above all else, buying art should be an exciting and pleasurable experience.”


FINE ART INVESTMENTS


THAT CREATE MORE THAN JUST A SPLASH


Sovereign Antiques Collections of Mayfair London has excellent experience


of professionally


evaluating, authenticating and brokering fine art and antiques. They support clients to invest in art that not only looks good and is also are advantageous to buy and sell.


To discover their bespoke services visit the website:


www.sovereign-collections.co.uk ART WORTH OWNING Sovereign Antiques Collections Ltd.


We understand the intricacies of the art market so you can invest in art easily and with confidence. Tel: 0207 183 3146


Head Office, 1st floor, 34 South Molton Street, Mayfair, London, W1K 5RG www.sovereign-collections.com


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