Ardevora looks at global income
Ardevora is considering launching a global equity income product in response to investor demand.
The boutique, which was set up in January 2010 by former Liontrust duo Jeremy Lang and William Pattisson, runs UK equity income, UK equity and global equity funds.
Partner Rob Page says: “We have seen strong appetite for global income and this is something we will visit in the autumn.”
He says marketing and delivering strong performance in the UK equity income and global equity funds is the firm’s main concern but a global income product would be easily achieved by placing an income overlay on the global equity product.
Dennehy Weller & Co managing director Brian Dennehy says: “On the UK equity income fund, Lang looks at behavioural trends in investment for opportunities rather than value like other UK equity managers do. This approach could be applied globally, so the next logical step for Ardevora would be to launch a global equity income product.”