4. INVESTMENT STYLES AND FEATURES OF FUNDS
4.1 Investment Styles
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Investment style relates to the strategy used to select investments
for the fund which will enable the fund to meet its investment objectives.
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Generally, the fund's investment managers will meet periodically,
possibly monthly, to discuss the strategy for the fund. They will
agree a strategy to be followed for a set period e.g. the following
month.
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After agreeing the strategy the investment managers will select
stocks that they consider will meet the strategy in the required
time period. Each particular stock will be chosen following research
into the issuing company.
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The investment managers place greater emphasis on the objectives
of the fund than its legal construction e.g. unit trust, OEIC, investment
trust.
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