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S&W widens Nucleus fund reach

Smith & Williamson will be marketing its Nucleus American trust, Nucleus global investment fund and Nucleus fixed-interest trust to a wider investment base, including fund of fund managers, from the new year

The funds have previously been available only to S&W’s private clients but the firm is set to create an institutional share class for fund of funds. It is also at the second interview stage in appointing a sales director to market the funds.

It is anticipated that the American fund, which was launched in 1983, and the fixed interest fund, launched in 1995, will attract the most interest among Fof managers. These funds focus on bigger companies which will provide enough capacity to accept Fof money.

Smith & Williamson investment director David Cobb says: “We are probably better set up to deal with bigger pools of capital than accepting direct retail business. Our American and fixed-interest funds in particular have strong performance numbers, good managers and good track records which we think will hit home with the fund of fund market.”

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