RLAM Launches New UK Smaller Companies Unit Trust
Thursday, 26 July 2007
Royal London Asset Management (RLAM) has launched a new UK Smaller Companies fund. The UCITS III authorised unit trust, The Royal London UK Smaller Companies Trust, will invest primarily in companies outside the FTSE 350 which the fund manager believes have the potential to deliver strong growth for investors. The fund launched on 20th July 2007.
The fund will be managed by Senior UK Equity fund manager, Victoria Stewart. Victoria has been in the industry for 13 years and has a wide range of investment experience gained at RLAM, United Friendly Asset Management and Cantrade Investment Management. She is a key member of RLAM's seven-strong UK Equity team and was appointed lead small cap fund manager across the company's range of UK equity products in January 2006.
RLAM's Chief Investment Officer, Robert Talbut, commented:
"We are delighted to announce the launch of this new fund as the next step of our continued expansion into the UK equity market. We have a great deal of experience of managing equity portfolios for the Royal London Group and are increasingly offering these skills out to external clients. Victoria is a very talented Small Cap fund manager and I have every confidence in her delivering strong returns with this fund."
Victoria herself said:
"This is an exciting new fund launch for RLAM and for me personally. I'll be looking for smaller UK companies which I believe have been unnoticed by the market and which have the long-term potential to grow significantly ahead of the wider economy."
The fund is part of the IMA UK Smaller Companies sector and will be benchmarked against the FTSE Small Cap (ex Investment Trusts) Index.
-ENDS-
For further information please contact:
Royal London Asset Management
Stephen Watchorn
Marketing and Communications Manager
Tel: 020 7506 6500
Polhill Communications
John Fryer
Tel: 0207 655 0500
Editor's notes:
Royal London UK Smaller Companies Trust
|
Type of Fund |
Authorised Unit Trust Scheme |
|
Fund Objective |
To aim to provide capital growth by investing primarily in UK smaller companies. |
|
Assets |
To achieve the investment objective the Fund may hold transferable securities, units in collective investment schemes, Exchange Traded Funds, deposits and cash (for the purposes of Efficient Portfolio Management (EPM) and redemption of units), and derivatives and forwards contracts for the purposes of EPM only. |
|
IMA Sector |
IMA UK Smaller Companies |
|
Benchmark |
FTSE Small Cap (Ex IT) |
|
Base Currency |
GBP Sterling |
|
Management Charges |
Initial Charge:4 % Annual Management Charge: 1.4% |
|
Minimum Investment Levels |
Initial Investment and Min balance:£ 1,000 Min. Sale or Additional Investment:£ 100 Min. Regular monthly Investment:£ 50 The Manager reserves the right to set a higher minimum investment level for certain Unit Trust products within the Group. |
|
Unit Classes |
The Fund will launch with a retail unit class (accumulation units only) and the ability to launch another unit class (institutional) at a later date. |
|
Regulation & Legislation applicable to the Fund |
Chapter 5 of The New Collective Investment Schemes Sourcebook (COLL) and regulated by the Financial Services Authority (FSA) in line with the other Royal London Unit Trust Managers unit trusts. This will be an UCITS III scheme and thus able to use the investment powers permitted under the European "product derivative" on collective investment funds (2001/108/EC). |
Royal London Asset Management(RLAM) was established in 1988 and specialises in providing investment management solutions for both the Royal London Group and a range of external institutions. These include FTSE 250 companies, local authorities, universities, charities, wealth managers, financial advisers and private clients. RLAM manages over £30bn of assets, employing more than 50 experienced investment professionals in our London based office.
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:
Scottish Life – UK pensions market
Bright Grey – UK protection market
Scottish Life International – offshore investment markets
RLAM – fund management
RLAS – life and pensions administration
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £31.5 billion. Group businesses serve around three million customers and employ 2,610 people.(Figures quoted are as at 31 March 2007).
rlam is a marketing brand including the following companies:Royal London Asset Management Limited registered in England & Wales number 2244297; Financial Services Authority (FSA) register number 141665.Royal London Pooled Pensions Company Limited registered in Scotland number SC048729; FSA register number 110456.Royal London Unit Trust Managers Limited registered in England & Wales number 2372439; FSA register number 144037.All of the above are authorised and regulated by the Financial Services Authority. It also includes Royal London Asset Management Bond Funds Plc registered in Ireland number 364259 and regulated by the Irish Financial Services Regulatory Authority (IFSRA).
All these companies are subsidiaries of The Royal London Mutual Insurance Society Limited registered in England and Wales number 2372439.Head office:55 Gracechurch Street, London EC3V 0RL.
Our reference: XXX-PR/PROF-07/2007-SW