A Successful First Year For The Royal London UK Strategic Growth Trust
Tuesday, 26 June 2007
The Royal London UK Strategic Growth Trust has had a very successful first year since it launched on 1st June 2006, delivering a one year return of 34.0% compared to an IMA UK All Sector return of 22.2%, with a 6th percentile ranking*.
Managed by Leigh Himsworth, the fund invests mainly in FTSE Mid 250 stocks but has the capacity to invest up to 40% in large cap and small cap assets as well as cash. This flexible investment approach, together with Leigh's strong stock picking skills, have been key factors in the fund's strong performance over the past 12 months.
Head of Sales, Stan Bland commented:
"Leigh has done a great job of managing the fund over the past year. He joined RLAM as a proven mid cap fund manager and we're delighted that he has continued to build his impressive track record with the UK Strategic Growth Trust. We continue to see strong interest in this fund from a range of Wholesale clients."
Leigh Himsworth himself added:
"I have been pleased with how the fund has performed over the last 12 months. I have been able to find significant opportunities to add value in both the core mid cap focus of the fund as well as the larger and smaller ends of the market cap range. I will continue to use the asset allocation parameters of the fund and my clear stock picking process to seek performance over the coming months."
* Source: Financial Express, Bid to Bid, net of fees, 01/06/06 to 01/06/07.
Information about past performance is not a guide to future performance.
-ENDS-
For further information:
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 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 £30.8 billion. Group businesses serve over 3 million customers and employ 2640 people.
(Figures quoted are as at 31 December 2006)
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: 337-PR/PROF-06/2007-SW