{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"PIWORLD Investor Podcasts","title":"Downing Monthly Income Fund Presentation at MELLO London November 2018","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/b3a8c910\"></iframe>","width":"100%","height":180,"duration":1443,"description":"This video can be seen at: https://www.piworld.co.uk/2018/12/09/downing-monthly-income-fund-presentation-at-mello-london-november-2018/\n \nDowning Monthly Income Fund presentation at Mello London 2018\nBy James Lynch, Fund Manager\n \nCovering the key points of the fund, and how they do it\nTop quartile yield: the fund is committed to providing a market and sector beating yield.\nHigh conviction portfolio: 30 – 40 holdings allow best ideas to drive performance.\nRisk-adjusted portfolio construction: with our bottom-up approach, we believe we have a full understanding of our investments. Strong balance sheets, good cash generation and efficient operations reduce risk.\nValue-led: we aim to buy businesses at attractive valuations, to improve returns and protect against downside risk.\nMulti-cap approach: the fund applies Downing’s small-cap expertise across a range of UK market capitalisations.\nDistributions: income is paid monthly.\n \nDuke Royalty (DUKE) – 00:27\nDowning Monthly Income Fund – 01:21\nMarket backdrop – 01:31\nPhilosophy – 05:16\nThe positions: Adept Technology (ADT) – 07:50\nPhoto-Me International (PHTM) – 11:19\nMaintel Holdings (MAI) – 14:29\nLock ‘nStore Group (LOK) – 17:14\nSummary about Downing Monthly Income – 19:02\n \nQ&A – 21:07","thumbnail_url":"https://img.transistorcdn.com/oB5fNE4aIAia_YyTCKvE1PzrZQaD1Fjo_P7m7T9Aw_Y/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kOTJi/ODBiMzBmOGFhZWJi/MWEzYThkMzAyNmZm/MTdjZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}