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Lawrence House Fof makes sector switch

Lawrence House Fund Managers’ UK equity income fund of funds has been switched to the Investment Management Association’s UK equity income sector from the UK all companies sector.

The firm says the fund was placed in the wrong sector by mistake following its launch. It invests in UK equity income funds to create a best-of-breed portfolio.

Lawrence House says it always intended to generate a higher level of income through equity income funds, reflecting its positive views of the sector.

It says equity income funds offer a combination of income and growth, with healthy yields softening the blow in difficult periods for equity markets.

It says the funds perform well over the medium to long term, despite the potential for periods of underperformance during any short-term bull run.

It adds that, as a small firm, it can invest in funds that would not necessarily be on the bigger multi-manager groups’ radar screens due to size restrictions.

Managing director Mike Sargeant says: “We are happy to invest with the boutiques and that is where we can add value. We look at funds that do not necessarily have a three-year track record. When you have just launched a fund, that is when you know it has got to perform. That is the best time to invest.

“There is a demand for equity income out there but there are not many UK equity income funds of funds.”


Standard sales soar

Standard Life’s UK life and pension business rose by 25 per cent in the first half of the year in its first set of results since flotation last month. UK life and pension sales rose to 594m on an APE basis compared with 475m in the same period last year, largely driven by strong increases […]

Seven funds halfway to 1bn

Seven Investment Management has passed the half- a-billion-pound milestone across its multi-manager fund range. Since Seven launched its multi-manager Oeic 30 months ago, three of its original funds – moderately cautious, balanced and moderately adventurous – now have more than 100m in assets apiece. The portfolios are overseen by chief investment officer Ros Price and […]

This week in Mortgages

The Council of Mortgage Lender’s credibility as a trade body took a major blow this week after its sensational admission that it is not an informed commentator on the sub-prime and non-conforming market.

Neptune video: Indian valuations and Modi’s pro-investment agenda

Kunal Desai, Head of Indian Equities, discusses his expectations for the Indian market and highlights the key indicators that he is watching for 2015.

In the video, Kunal addresses:

• Indian equity valuations and the importance of stock selection in gaining exposure to the earnings upgrade cycle

• The BJP’s strengthening ambition in its pro-reform, pro-investment agenda


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