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Brown Advisory launches combined American fund to the UK

Recent entrant to the UK market Brown Advisory has launched a fund combining their three US equity strategies.

The American fund will be sub-advised by the management teams of Browns’ three existing US funds, giving investors access to best in breed American companies, regardless of size or style.

The fund will employ a fixed allocation, to be rebalanced quarterly.

US equity value manager Richard Bernstein will take responsibility for 40 per cent of the fund, US equity growth manager will take 40 per cent and US smaller companies co-managers Christopher Berrier and Timothy Hathaway will take the remaining 20 per cent.

It has been launched through a Dublin-based Ucits III structure.

Investors in the American fund will benefit from the demonstrated advantages of Brown Advisory’s 18 in-house analysts and managers.

Director of research Paul Chew says: “Each of the managers of the three investment portfolios within the American fund aims to drive returns by following a well defined stock-picking philosophy, which is itself the result of extensive research by our in-house team.”

Brown’s London office director Logie Fitzwilliams says: “With most European investors having only a small percentage of their portfolios invested in the US, many do not want, or are even equipped, to pick numerous US managers divided across different styles and market caps. We believe The American fund gives investors comprehensive exposure to the US market and maximises returns that result from superior stock selection by neutralising the influence of investment style and market capitalization size.”

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