View more on these topics

Ingenious focuses on stockpicking skills

Ingenious Asset Management is increasing its efforts get on the IFA radar but says it is steering clear of marketing-led multi-manager fund launches.

It is courting IFA business for its UK equity fund, described by Ingenious as a multi-manager focus fund, in several ways. It has added a new share class to the fund which enables IFAs to take trail commission and it also intends to expand its distribution through platforms such as Cofunds.

The fund, which is based on three managers selecting their 10 best stock ideas, is already available via Transact. Ingenious believes that further links with other platforms will boost its profile among IFAs.

Managing director Guy Bowles says some multi-manager funds have been marketing-led in that they were promoted on the back of the underlying managers’ brands and past performance.

He says the UK equity fund differs in that its three underlying managers do not run retail funds and the focus is on their stockpicking skills.

Bowles says: “The thing that sets the Ingenious UK equity fund apart is its unique structure and through this it can deliver outperformance. People do not buy past performance, they buy confidence in future performance.

“A few multi-manager funds have not done too well and some IFAs want to find something new.”


Barratt shares dive 42 per cent

Housebuilder Barratt Developments saw its shares fall 42 per cent yesterday as the liquidity squeeze continues to hit the building sector.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm