Singer & Friedlander Investment Management has issued a retail share class on its institutional model portfolio fund, making it available to retail investors who can afford the £75,000 minimum investment.
The fund is designed to mirror the types of portfolio services that are available to investors with larger amounts. Ts objective is to provide income and growth with a medium risk profile by investing globally in equity and fixed interest markets globally. Despite the freedom to invest on a worldwide scale, the fund will have a particular emphasis on the UK. The current top 10 holdings include MM02, Standard Chartered and British Sky Broadcasting.
Director and Private Client Investment Manager Francis Clarke, who joined Singer & Friedlander in 2000 from Chase Fleming Private Wealth Management, will manage this fund. Clarke spent 11 years with Chase Fleming and prior to that he worked at Cazenove for 10 years, which included five years as a US analyst.
Clarke can invest across sectors as well as regions as he sees fit and this lack of constraint of what he can hold in the portfolio is why the fund is more like a discretionary portfolio service.
However, the type of portfolio service available to institutional investors and high net worth clients is constructed exclusively for them, whereas all investors in this fund have access to the same portfolio. Bearing this in mind, this fund could be seen as a halfway house between a balanced fund and a portfolio management service for investors who may not be able to afford the minimum investment level for a bespoke portfolio.
However, Singer & Friedlander's own discretionary portfolio management service for private clients has a minimum investment of just £25,000, and some investors may feel this is the better option.