Temple Bar’s investment objective to provide growth in income and capital to achieve a long term total return greater than the benchmark FTSE All-Share Index through investment primarily in UK securities. The Company’s policy is to invest in a broad spread of securities with typically the majority of the portfolio selected from the constituents of the FTSE 350 Index.
The Manager’s investment approach is premised on a contrarian view on the timing of buy and sell decisions, buying the shares of companies when sentiment towards them is thought to be near its worst and aiming to sell them as fundamental profit improvement and/or re-evaluation of their long-term prospects takes place. The belief is that repeated investor behaviour in driving down the prices of ‘out of favour’ companies to below their fair value will offer investment opportunities. This will allow Temple Bar to purchase shares at significant discounts to their fair value with the aim of selling them as they become more fully valued, principally as a result of predictable patterns in human psychology.
On 23 September 2020, we published a note describing the new approach that RWC Partners would take to the management of the portfolio – Keeping faith
On 23 April 2021, we followed that up with a note that discussed the early success of the new management team – Just getting started
On 8 December 2021, we published an annual overview note which highlighted the managers’ conviction that an investment in value need not mean compromising on quality or growth – No Compromise
You can access the trust’s website here