Iveagh wealth fund reaches £100m
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The Ucits III fund has delivered 10.4 per cent since inception, compared to the FTSE all share index which is down -10.2 per cent according to August figures from Bloomberg.
The fund replicates the asset allocation service provided for the family office clients, which include key members of the Guinness family.
It targets a nominal return of around 10 per cent per annum.
Chief Executive Officer Paul Ross says: “The quick growth of the Iveagh wealth fund is evidence that the retail market is in need of genuine wealth management solutions which can provide investors with capital preservation in the bad times and sustainable gains in the good times.”
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