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Lawrence House takes conservative approach

Lawrence House Fund Managers

Lawrence House UK Equity Fund

Type: Oeic fund of funds

Aim: Income and growth by investing in collective investment schemes investing in UK equities

Minimum investment: Lump sum 2,500, monthly 100

Investment split: !00% UK equities

Isa link: Yes

Pep transfers: Yes

Charges: Initial 5%, annual 1.5%

Commission: Initial 3%, renewal 0.5%

Tel: 01227 819818

The Lawrence House UK Equity Fund is an Oeic fund of funds investing in UK equities. Putting the fund into its market context Hargreaves Lansdown senior analyst Meera Patel says: “Not all IFAs have specialist knowledge. They can turn to multi-manager products for their clients where they can leave investment decisions to the fund manager, who is dedicated to researching funds.”

Looking at the fund in more detail Patels first impression is that it appears conservative as it tries to balance risk with reward. She regards the adviser remuneration and charges as standard, but feels the total expense ratio is more important. “As funds of funds have an element of double charging, this will increase the annual management charge which is likely to be higher than the quoted 1.5 per cent,” she says.

Focusing on the negative features of the fund Patel says: “It would be fair to say that the multi-manager market has become saturated and I would question whether the market needs another fund of funds. I also cant get too excited by the fund. Its not a new proposition, so I would like to see some really punchy performance to get my interest.”

Patel cites Jupiter, New Star and Credit Suisse as potential competitors. Summing up she says: “Alan Stokes, who will be heading up this fund, is a knowledgeable experienced individual. Although he has a track record with running multi-manager money at Solus, I feel he needs to establish an impressive track record with this fund to gain my interest.”

BROKER RATINGS

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

Overall 6/10

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