Paul Smith, Economics (Hons), MA with distinction (Finance and Investment)
Paul specialises in fixed income securities, managing both open-ended and closed funds including the Premier UK Money Market Fund, Premier Corporate Bond Monthly Income Fund and the Acorn Income Fund, as well as other smaller mandates.
Paul has extensive knowledge and experience of fixed income securities, which is reflected in the consistent performance of the funds he manages.
Paul joined Premier Asset Management in October 2005. Prior to this, he held a fund manager position at BFS Investments plc, which he joined in July 2000.
FUND OBJECTIVES AND FOCUS
The fund aims to preserve capital in pound terms and to achieve a better total return than that available from a pound sterling based savings account. The fund holds a portfolio of many different UK deposits and short-dated money market instruments. These are securities such as banker's acceptances, commercial paper, repurchase agreements and government bills. The fund invests at least 85% of its assets (subject to regulatory and other forex constraints) in the Premier UK Money Market Fund. A maximum of 15% of the portfolio is invested locally in the Old Mutual Money Market Fund.