View more on these topics

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.”

Recommended

China’s bad debt problem ‘bigger than expected’

Bad debt held by Chinese local governments is a much larger problem than previously anticipated, Moody’s Investors Service claims. A statement issued by the ratings agency adds the credit outlook for the country could turn negative if its government fails to deal with the potential scale of problem loans held to local authorities. Moody’s published […]

1

Europe rebuffs calls for rise in compensation level

The European parliament has refused to back a recommendation to increase the Investor Compensation Scheme’s maximum guaranteed level of compensation to €100,000. In April, the economic and monetary affairs committee published draft amendments calling for the maximum guarantee to be doubled from the European Commission’s proposal of €50,000. In a plenary session in Strasbourg this […]

Ignis shuffles UK equity team

Ignis Asset Management has announced a number of changes to its UK equity team, including the appointment of Vestra Wealth’s Mark Holden. Holden, a partner at Vestra, will take over the management of the £112m Ignis UK Focus fund later this year and will report directly to Mark Lovett, the chief investment officer for equities […]

Hornbuckle passes £280,000 FSCS levy to clients

Hornbuckle will pass on its £280,000 FSCS levy to clients as the firm moved into operating profit during 2010, annual accounts show. In March Money Marketing revealed the Sipp and Ssas provider was considering passing its levy, which it originally expected to reach £375,000, onto its clients. The levy has since been reassessed and revised […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment