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Low-risk US fund firm in UK retail move

US asset management firm Dimensional is planning a major launch into the UK retail market in September led by former Schroders chief executive officer David Salisbury.

Dimensional, which has its head office in Los Angeles, has $39bn of assets under management worldwide. It is a low-risk fund manager with 30 pooled funds covering smaller company, value stocks and fixed-income securities in the US, European, emerging and global markets.

It believes IFAs will be attracted to its risk-averse approach with senior partner Rod Duncan due to visit major adviser firms across the country from next week to seek their views on a proposed product range and investment strategy.

The launch will be marshalled by European chief executive officer Salisbury, who was at Schroders from 1974 to 2001 alongside Duncan, who was Schroder Unit Trusts managing director and sales & marketing director from 1988 to 1999. In that time, assets under management grew from £500m to over £18bn, with £7bn from IFAs.

Salisbury says: “We believe that in an era of lower returns and greater risk consciousness, Dimensional&#39s structured approach will be hugely attractive to retail investors who want more from their savings than trackers can deliver but without significant additional risk.”

Chelsea Financial Services managing director Darius McDermott says: “The UK market is getting extremely cluttered and Dimensional must prove that it really is unique to succeed.”


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