Spring Capital: Our Funds

Our Funds

The funds we represent all share a clear investment philosophy, process and persistent opportunity set. We are confident in our partner managers' ability to deliver over the long term.

India Equity

Tata India Equity Fund

The strategy invests in a diversified, multi-cap portfolio of Indian listed equities aiming to generate excess returns across the market cycle. The focus is on companies with clear growth triggers that capitalise on emerging macro-economic themes and industry dynamics in India, with a long-term orientation. It is managed by Chandraprakash Padiyar (‘CP’) supported by an experienced team of analysts.

Japan Equity

WS Zennor Japan Equity Income Fund

Taking advantage of a compelling investment opportunity for dividend investors in Japan, particularly among companies lower down the market capitalisation spectrum, the fund aims to provide investors with capital growth and income. The experienced fund managers have an extensive local network, enhancing their ability to identify and capitalise on the abundant income opportunities in the market.

UK Equity

MI Chelverton UK Equity Growth Fund

Aiming to capture the long-term outperformance potential of smaller UK-listed companies, this fund invests in cash-generating companies capable of self-funding their growth, combined with an active approach to portfolio positioning. The team consists of three fund managers, led by James Baker, who brings over 40 years of experience working with UK small and mid-cap companies.

Japan Equity

IUP Zennor Japan Fund

The experienced team of stock-picking fund managers leverage their extensive network in Japan to help uncover under-researched companies across the market capitalisation spectrum, often finding the most promising opportunities in smaller companies. The fund aims to generate capital growth by investing in shares that trade below intrinsic value and offer upside potential triggered by a catalyst.

Global Equity

IFSL Evenlode Global Equity Fund

Investing in a diversified portfolio of global equities, the fund targets capital growth by focusing on companies exhibiting high returns on capital, a strong economic moat, and pricing power. The approach is characterised by a long-term business perspective and rigorous valuation discipline. The fund is managed by a team of three, complemented by the broader investment team.

UK Equity

MI Chelverton UK Equity Income Fund

Focused on achieving both income and capital growth by investing in UK small and mid-cap companies, the fund combines the disciplines of equity income investing with the pricing inefficiencies typically found in smaller companies. It is managed by a team of three, two of whom have over 30 years of experience investing in UK small and mid-cap companies.

UK Equity

MI Chelverton UK Opportunities Fund

This UK equity fund aims to achieve above-market returns with below-average volatility. The managers employ a dynamic approach, combining top-down economic analysis and bottom-up stock selection. They adjust the portfolio based on anticipated business cycle turning points, with no permanent size, sector, or style bias. The fund is managed by the experienced Julie Dean and Henry Botting.

UK Equity

IFSL Evenlode Income Fund

Investing in companies characterised by high returns on capital, a strong economic moat, and pricing power, the fund aims to deliver capital growth and income from a portfolio of UK listed equities. The investment approach is differentiated by a long-term business perspective and rigorous valuation discipline. The fund is managed by a team of five, complemented by the broader investment team.

Europe ex UK Equity

MI Chelverton European Select Fund

Investing in Continental European listed companies, this fund aims to generate capital growth by identifying companies –across the market capitalisation spectrum– that exhibit higher free cashflow yields and faster sales growth compared to the market average. It is managed by a team of two experienced fund managers based in Edinburgh.

Global Equity

Chelverton Select Consumer Staples Fund

The Chelverton Consumer Staples strategy invests in companies selling products commonly known as Fast Moving Consumer Goods ('FMCG'). These businesses tend to be asset-light, with strong & enduring brands and very attractive micro-economics. They are also characterised by a steadier earnings profile, particularly during times of economic stress.

Global Equity

IFSL Evenlode Global Income Fund

Aiming to deliver income and capital growth from a global equity portfolio, the fund invests in companies exhibiting high returns on capital, a strong economic moat and pricing power. The approach is differentiated by a long-term business perspective and rigorous valuation discipline. The fund is managed by a team of four, complemented by the broader Evenlode investment team.

Evenlode

Chelverton

Zennor

Fulcrum

Tata

Our Funds

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