April 24, 2020

Fund Manager Chat: Dividend Income & Small Caps–James Lynch, Downing

by Jake Moeller.

In this #FundManagerChat, James Lynch, Manager of the Downing Monthly Income Fund, discusses how he finds the opportunities to source reliable dividend income from smaller companies stocks.

He outlines the process and philosophy he has adopted and examines his recent performance outcomes. He also outlines his current portfolio positioning and discusses some of the difficulties and opportunities that are presented in the unfolding Covid-19 drama.

Running Order

Run Time Topic
00:25 Tell us a bit about Downing and why its private equity background important?
02:10 Tell us about the philosophy of your fund. Why does the fund have a small-cap bias?
04:30 How did you formulate your income target? How reliable are dividends from smaller companies?
07:50 This fund is in the IA Equity Income classification. Shouldn’t it be in the Smaller Companies sector? When will it outperform?
11:00 Outline your current portfolio exposure. Where are you finding opportunities?
12:10 How difficult is managing money during the unfolding Covid-19 crisis? How has your performance been recently?
15:30 Has the crisis caused you to reevaluate any part of your process?
17:00 Can smaller companies survive this crisis?
18:35 What opportunities might come out of this crisis?

James Lynch is chatting remotely with Jake Moeller, Head of Lipper UK and Ireland Research at Refinitiv, on April 21, 2020.

About James Lynch 

James Lynch, Downing.

James Lynch, Downing.

James joined Downing in February 2012 as part of the Private Equity team, gaining transaction experience in the SME space across a range of industries before transferring to Downing Public Equity in 2013.

Prior to Downing, James worked within the asset management division of Ernst & Young after specialising in smaller companies at HW Fisher & Company.

James manages the MI Downing Monthly Income Fund and co-manages the Downing Strategic Micro-Cap Investment Trust.

James is a CFA Charterholder, Chartered Accountant (ACA) and holds the Investment Management Certificate.

Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.

This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Refinitiv cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice. The author does not own shares in this investment.

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