The fund offers investors access to an unconstrained, concentrated portfolio of some of the most attractive stocks in the UK market
Why UK Dynamic Equity?
This fund’s unconstrained approach enables investors to have targeted exposure to what we believe to be the strongest opportunities in the UK market.
At present, it represents an opportunity to buy into one of the best value stock markets in the developed world. The fund benefits from a manager who has an excellent performance history and works within the proven framework of the Potential, Valuation and Timing (PVT).
Investment philosophy and process
The portfolio manager invests according to River and Mercantile's long established PVT philosophy, where stocks are evaluated by a combination of their potential to create value, their valuation and the timing of buying into a position.
Sophisticated quantitative analysis and intelligent screening finds only the best opportunities for the manager and investment team to debate and validate by applying rigorous fundamental research.
About the fund manager

William Lough
Portfolio Manager, PVT Equities
Will graduated from the University of Oxford with a First-Class Honours Degree in Modern History, before joining R&M Asset Management an equity analyst in 2009. In 2013 he was promoted to Director of Research and in 2014 became alternate Portfolio Manager on Hugh Sergeant’s Recovery and High Alpha strategies.
Will is currently the lead Portfolio Manager on the ES R&M UK Dynamic Equity Fund.

Fund downloads
Latest perspectives
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William Lough explains how the most important thing from an investment perspective is to avoid…
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A thoughtful reflection on the benefits of finding advantaged business franchises with excellent capital allocators…
4 min readBrexit update: impact of the UK-EU trade deal on the ES R&M UK Dynamic Equity Fund
Brexit update: impact of the ...
So here we are (finally), four and a half years after the vote for Britain…
6 min readConservatism with a small ‘c’
Conservatism with a small ‘c’
William Lough highlights the importance of exercising conservatism within one’s investment process.
5 min readStay up to date with the latest news, views, reports and updates on the topics of your choice, delivered straight to your inbox.