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HDLN: Aggressive US fund from Solus to be run by Phoenix


BYLN: James Daley


Solus Investment Funds is setting up an aggressive US fund run by Chris

Bertelsen of US fund management group Phoenix.

The Solus US select opportunities fund, which opens on October 1, will be

a multi-cap &#39best ideas&#39 fund holding a concentrated portfolio of between

55 and 60 stocks.

Bertelsen also manages the Aberdeen American opportunities fund.

Phoenix was previously responsible for Aberdeen&#39s entire US fund range

until the company appointed Katherine Garratt-Cox last year.

Bertelsen&#39s American opp-ortunities fund, which is the only fund still

managed by Phoenix for Aberdeen, has outperformed Garratt-Cox&#39s North

America fund by almost 30 per cent over the past year and has been

consistently in the top quartile of its sector.

The new fund will have an initial charge of 3.5 per cent, which will be

waived during its three-week offer period, and an annual management fee of

1.5 per cent.

Initial commission is 3 per cent and trail commission is negotiable. The

minimum investment limit is £500 or £40 a month.

Solus manager of investment product groups Alaric Gordon says that

although markets are still volatile, he is confident that US markets are

set for an upturn.

He says: “With launching a fund, you tend to find that the best time to

market it is the worst time to invest in it. We would rather launch in what

might appear to be difficult times but at a time when most people are

beginning to ack-nowledge is a good time to look at the US.”


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Wealth of resources

The Institute of Financial Services is turning the spotlight on humanresources in a one-day conference to be held at the Birmingham MetropoleHotel on September 24. The event, entitled Winning Performance Through Innovative HR Strategy,will give firms an insight into how successful HR can improve theirbusiness. Speakers will include Nationwide Building Society chief executiveBrian Davies and […]

Split decisions

In times such as these, it is understandably difficult for some clients toget excited about investing in the stockmarket. But falling interest ratesand ongoing negative comment on with-profits products mean that some of thetraditional alternatives to equity investment are not looking enormouslyattractive either. I would like to give a brief introduction to the attractions of […]

Rough on the smoothing

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The Day of (B)reckoning

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article


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