5th July 2024
The European Championships have been far from vintage if you’re an England supporter. Another turgid performance on Sunday night against Slovakia left supporters frustrated, and only a last-minute wonder strike keeps us limping on. All the talent in the world, but it is yet to click – so much for being favourites! To lighten the mood, this week we present our starting eleven.
Goalkeeper:
Jordan Pickford – Allianz Index-Linked Gilt. You hope you don’t need him but comes good when called upon and the rest of the team isn’t performing well. Can be a bit erratic (volatile) at times, but over the long-term makes good saves and generates a positive real return.
Defence:
Kyle Walker – CIM Dividend Income – consistent performer with an excellent long term track record. Despite being around a long time, still has an impressive turn of pace and the ability to materially outperform the competition. A high starting dividend yield of over 6% brings defensive qualities.
Marc Guehi – Twentyfour Monument Bond – no nonsense defender which has really shone through in the past couple of years as the fund has come of age as interest rates have risen.
John Stones – Schroder Strategic Credit – always delivers. Very experienced manager Peter Harvey has proven to be strong in defence but also can take on more risk and transition into a midfield role.
Luke Shaw (if fit!) – Greencoat UK Wind – has good defensive qualities, but also very good at going forward with a long track record of outperforming both UK equities and bonds.
Defensive midfield:
Declan Rice – WisdomTree Core Physical Gold – always there when you need it during tough times. Can go unnoticed for long periods before stepping in with a last-ditch tackle or burst forward to remind of its class.
Kobe Mainoo – Man GLG Sterling Corporate Bond – a young performer who has gotten off to an excellent start to life. Has defensive qualities with average investment grade rated portfolio, but also the ability to transition defence to attack rapidly by taking advantage of huge valuation dispersion in the asset class.
Attacking midfield:
Anthony Gordon – Taylor Maritime. Offers something different and unique. Potential for explosive bursts past defenders (ie covid performance), but this can get forgotten about with other high-profile players like Phil Foden (traditional asset classes) typically getting more game time. Great track record despite only being on the scene for a few years.
Jude Bellingham – Oakley Capital – a world beater, makes it look effortless, but you know behind the scenes there is an incredible amount of time and effort going in that drives the results on the pitch.
Cole Palmer – Teviot UK Smaller Companies – built a strong track record after the founders left a big fund house and were able to fully express their talents. Still lots of potential for strong future performance.
Striker:
Harry Kane – Polar Capital Global Insurance – always in the team, oozes class. Excellent long term track record though can look pedestrian at times but always likely to add to the goals tally. Can carry the team when others are underperforming.
Manager:
Gareth Southgate – The HFM team. Experienced at the top level with strong long-term track record. Though unlike Southgate, we’ve actually won some awards and like to think we operate with a bit more flair… hopefully Southgate will rectify that in the next couple of weeks. Come on England!
Dan Cartridge – Fund Manager
For professional advisers only. This article is issued by Hawksmoor Fund Managers which is a trading name of Hawksmoor Investment Management (“Hawksmoor”). Hawksmoor is authorised and regulated by the Financial Conduct Authority. Hawksmoor’s registered office is 2nd Floor Stratus House, Emperor Way, Exeter Business Park, Exeter, Devon EX1 3QS. Company Number: 6307442. This document does not constitute an offer or invitation to any person, nor should its content be interpreted as investment or tax advice for which you should consult your financial adviser and/or accountant. The information and opinions it contains have been compiled or arrived at from sources believed to be reliable at the time and are given in good faith, but no representation is made as to their accuracy, completeness or correctness. Any opinion expressed in this document, whether in general or both on the performance of individual securities and in a wider economic context, represents the views of Hawksmoor at the time of preparation and may be subject to change. Past performance is not a guide to future performance. The value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations. You may not get back the amount you originally invested. FPC24174.
