Brooks Macdonald Funds has expanded its range of managed portfolio service (MPS) portfolios available in unitised versions with the launch of an actively-managed IFSL Strategic Growth Fund, with effect from 31 October 2013.
The new fund, which has opened its funds offer period on 16 October 2013 will mirror Brooks Macdonald’s MPS medium to high risk (Growth) model portfolio strategy.
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Managed by Jonathan Webster-Smith and Mark Shields, the new fund aims to generate capital growth over the longer term by investing primarily in UK and international equities, holding between 75-95% in this asset class.
The duo currently manage both Brooks Macdonald’s MPS and risk-rated fund of fund ranges.
With an annual management charge of 0.5% and a minimum investment of £1,000, the fund will sit in the IMA Flexible Investments sector and offer investors with the flexibility to choose the investment structure best suited to their needs.
In addition to the launch of the new fund, Brooks Macdonald has reduced the AMC on three other funds in the unitised range, with Sterling Class A Shares now carrying an AMC of 0.50% (previously 0.75%) and Sterling Class B Shares reduced to 1.25% (previously 1.50%).
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By GlobalDataJonathan Webster-Smith, fund manager at Brooks Macdonald Funds, said: "We’re pleased to complete our range of risk-rated fund of funds and in doing so, further broaden the availability of Brooks Macdonald’s proven investment process to new and existing investors.
"The Strategic Growth Fund will broadly mirror our MPS Medium to High Risk strategy, which has performed well over past years, outperforming both the FTSE WMA Growth (previously APCIMS Growth) and IMA Flexible Investment sectors and we look forward to repeating this success with the Strategic Growth Fund," he added.
