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Cavendish launches five equity funds

Cavendish Asset Management is launching five new equity funds.

All the funds, which will be sub-funds of the Cavendish Investments Funds Oeic, are open to investment except for the Asia-Pacific fund which launch this summer.

Existing investors will be able to transfer money into any of the new funds, which will also be open to new retail and institutional investors.

The new range includes a European fund, an Asia Pacific fund, a North American fund and a Japan fund and technology fund.

The North American and Asia Pacific funds will invest mainly in large and midcap stocks, where Cavendish believes there is a strong balance between value and growth in the current market.

The European fund will cover both Europe’s established and emerging economies within a single fund.

The Japan fund will invest across the market capitalisation range, including a number of attractively valued mid and small cap names.

The technology fund will invest mainly in large and mid cap companies but with some exposure to small caps.

Cavendish, which has £417m of total funds under management says the launches coincide with a time of renewed optimism about the value to be enjoyed from stocks and shares, following significant inflows of retail monies back into the market.

The minimum investment level is £2,500.

Chief Executive Julian Lewis says: “We would not go so far as to call the bottom while confidence remains fragile, but on current valuations we believe equities are offering an attractive point of entry for the medium to long-term investor. The market may yet cause us a few headaches, but looking ahead we feel there are more opportunities and better value than 12 months ago. We are keen to take advantage of today’s low prices.”

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