Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2701

Cavendish launches five equity funds

RELATED TOPICS​

Cavendish Asset Management is launching five new equity funds, which will be sub-funds of the Cavendish Investments Funds Oeic.
 

Cavendish Asset Management is launching five new equity funds, which will be sub-funds of the Cavendish Investments Funds Oeic.
 
Four of the new funds are geographically focused, consisting of a European Fund (which will be managed by Caroline Vincent); an Asia Pacific Fund (Liz Evans); a North American Fund (Tim Roberts); and a Japan Fund (Ron Bullivant).

The last of the five funds is sector-based, focusing on technology (managed by Alison Hyde).
 
Cavendish says the fund launches coincide with a time of renewed optimism about the value to be enjoyed from stocks and shares, following significant inflows of retail monies back into the market. Recent research has shown that private investors committed GBP1.6bn to shares over the past six months, almost entirely reversing the money taken out of the stock market in the previous six-month period. This figure translates into approximately a third of the money that was taken out of the market prior to the financial crisis being restored. 
 
Julian Lewis, chief executive of Cavendish Asset Management, says: ‘We would not go so far as to call the bottom while confidence remains fragile, but on current valuations we believe equities are offering an attractive point of entry for the medium to long-term investor. The market may yet cause us a few headaches, but looking ahead we feel there are more opportunities and better value than 12 months ago. We are keen to take advantage of today’s low prices.’
 
The North American and Asia Pacific funds will invest mainly in large and midcap stocks, where Cavendish believes there is a strong balance between value and growth in the current market.

The European fund will cover both Europe’s established and emerging economies within a single fund, allowing breadth and flexibility as economic conditions dictate. 

The Japan fund will invest across the market capitalisation range, including a number of attractively valued mid and small cap names. The technology fund will invest mainly in large and mid cap companies, but will have some exposure to small caps, introducing a higher growth element into the portfolio.
 
All of the new funds are now open to investment except for the Asia-Pacific fund, which will be launched this summer. Existing investors will be able to transfer money into any of the new funds, which will also be open to new retail and institutional investors. The minimum investment level is GBP2,500.

Latest News

According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..
New research published today by the CFA Institute Research and Policy Centre analyses the many..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by