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Balancing act from SVM

SVM Asset Management

SVM Balanced Managed Fund

Type: Oeic fund of funds

Aim: Growth by investing in equities, bonds, property, private equity, funds of hedge funds and cash

Minimum investment: Lump sum £1,000

Investment split: 85% investment funds, 15% fixed interest and cash

Isa link: Yes

Charges: Initial 5.25%, annual 1.4%

Special offer: Initial charged waived or initial commission up to 5.25%

Offer period: Until September 30, 2008

Commission: Initial 3%, renewal 0.5%

Tel: 0800 0199 440

Boutique manager SVM Asset Management has responded to market volatility by introducing two multi-asset funds of funds for investors with lower risk profiles. One of these is the SVM balanced managed fund.

Highclere Financial Services partner Alan Lakey says: “SVM Asset Management has built a solid reputation over the past decade, notably on the back of its superb global opportunities fund.

“Using the same disparate investment techniques and its trademark contrarian stance, SVM has launched two fund of fund of vehicles, cautious and balanced managed, that are aimed at the less adventurous investor.”

Lakey feels the product literature is to the point and descriptive, although he thinks serious investors should look at the SVM website for further information. He also notes that during the launch period, SVM is enabling advisers to receive or re-invest up to 5.25 per cent commission.

Turning to the potential drawbacks of the fund Lakey says: “There is nothing to dislike about the fund. But of course any contrarian approach using investment trusts as well as hedge funds and private equity must be considered a higher risk than a typical unit trust.”

Discussing funds that are likely to compete with the SVM offering Lakey says: “SVM is courting those investors who might have considered Old Mutual extra income, Framlington income and capital trust and possibly Jupiter high income.”
Summing up Lakey notes that the fund has international exposure such as Balkan properties and an emphasis towards emerging markets property.

He concludes: “The fund offers significant potential and I am that impressed that I will be investing in it.”


Suitability to market: Good
Investment strategy: Good
Charges: Good
Adviser remuneration: Good

Overall 9/10


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