Spotlight On...
Contact Gina Miller
Tel: +44 (0) 20 7838 8650 Email:
gina@scmprivate.com Web:
www.scmprivate.com
Since Inception (June 2009) SCM Absolute Return SCM Long-Term Return +44.7% +58.0%
ball and can therefore never be 100% accurate, in May 2013 we launched the True and Fair Calculator,
www.trueandfaircalculator.com which produces an accurate estimate of the Total Cost of Investing. This free-online cost analysis and comparison tool also allows users to add all intermediary levels and wrapper costs; and is a global first in giving users a unique insight into the relationship between costs, returns and risk.
My passion for giving to others and operating as a responsible social citizen in all its forms underlies all aspects of my life. In 2009 I also founded Miller Philanthropy which focuses on small dynamic community charities doing transformational work at the coalface of society’s ills, primarily in the UK. As a family we underwrite the foundation so 100% of all donations go to grantees, which means any donor wishing to give smarter can outsource their philanthropy and giving at no cost. The resources and profits from SCM also support the foundation and its grantee charities and projects.
Q
What more can you tell us about SCM Private?
SCM Private has a modern, hybrid actively passive investment strategy that invests solely
2013 +7.2% +11.7%
2012 +9.4% +8.9%
in Exchange Traded Products. We operate three portfolio strategies - a Global Bond Portfolio, an Absolute Return strategy - akin to a modern day hedge fund, and a Long Term Portfolio strategy - benchmarked on an old fashion pension fund. In order to achieve consistent performance across our portfolios, we focus on going from tactical asset allocation to performance in the most cost effective, low volatility, high diversification manner; whilst being active and keeping our eyes on the portfolios on a daily basis. Having said that, often the hardest thing to do as fund managers is to do nothing and seek out fundamental value.
Q
Can you give us an overview of discretionary fund management?
Discretionary fund management (DFM) is where a fund manager makes all investment decisions on the investor’s behalf and implements them accordingly. The fund manager will choose the appropriate asset allocation and / or fund selection according to the investor’s risk profile and investment requirements, such as income or growth.
Q
What are the benefits of discretionary fund management?
DFM is a good route for those who are time poor, who don’t want to think about
Past performance should not be seen as a guide to future returns. The value of investments and the income from them can go down as well as up and investors may not recover the amount of their original investment.
2011 -3.2% -3.3%
2010 +6.9% +6.6%
investment decisions on a daily basis and who are comfortable with handing over all investment decisions to a qualified expert third party.
As the fund manager is authorised to make investment decisions on the investor’s behalf, they can be quicker to react to new opportunities and risks, which many clients find desirable in today’s volatile markets.
Nothing can substitute for meeting the person actually managing the money and making your own judgment together with the test as to whether or not their own money is being managed on exactly the same basis as you are being recommended.
Q
Is there anything else you would like to add?
If you want to build a multi-asset portfolio and want the widest choice, as well as transparent pricing of those assets when you buy and sell, then ETFs are the best option.
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