View more on these topics

VAM takes its place among its Peers

VAM Funds has introduced two Luxemburg Sicavs investing in government bonds and commodity-related equities respectively.

VAM Funds (Lux) global government bond will invest globally in government bonds that are rated AAA to AA. It is managed for VAM Funds by Swiss boutique manager Peers SA, which established by Annelise and Steven Peers, with South African financial services company Coris Capital in 2000.

The new fund aims to produce returns above cash and to reduce volatility in investors’ portfolios. Fund managerAnnelise Peers will combine top-down and bottom up research to select bond for the fund and will use quant screens and other technical research models to determine the best time to buy bonds. VAM Funds says the investment-grade bonds in which the fund invests will produce a low-risk and highly liquid portfolio, with the fund targeting a yield of 4 per cent after charges.

The VAM Fund (Lux) commodity equities fund aims for growth by investing in the equities of companies involved in, or linked to, commodities.  It is managed by VAM Funds by Fleming Family & Partners, and will comprise a core of 30 to 70 per cent in the equities of big commodities companies, which will be reduced in declining markets to preserve capital.

The remainder of the portfolio is invested in higher growth stocks and short exchange traded funds. As satellite holdings, the higher growth stocks are typically less liquid than the core holdings but are smaller to control risk. The short ETFs track indices like conventional ETFs, but bring a defensive element to the portfolio as they benefit from market declines rather than growth.

VAM Funds sees commodities as a way of gaining exposure to growth in emerging markets, as demand for commodities in emerging market countries such as China and India is strong,

Both VAM funds may appeal to investors looking to add specific exposure to government bonds or commodity-based equities to their portfolios. VAM Funds has been around since 2001 but as a recent entrant to the UK IFA market, it may have to build up more of a profile to attract some advisers.



MPs set to debate impact of the RDR

The House of Commons’ debate about the impact of the retail distribution review on financial advisers will be held on November 30. Conservative MPs Harriett Baldwin and Mark Garnier have been strong advocates of the debate and pushed for it in Parliament. Baldwin and Garnier are both urging IFAs to lobby their local MP to […]


Money Marketing wins trade/professional publication of the year

Money Marketing won personal finance trade/professional publication of the year at the annual Santander UK Personal Finance Media Awards. The prestigious awards were held last night at The Honourable Artillery Company in London and hosted by John Sergeant. Judges said Money Marketing was “on top of its subject and clearly understands its readers”. Money Marketing […]

Hargreaves cuts Invesco’s UK aggressive fund from Wealth 150

Hargreaves Lansdown has cut the £145m Invesco Perpetual UK aggressive fund from its Wealth 150 list of recommended funds, citing “deteriorating performance”. The fund was taken over by manager Stephen Anness in June 2008 when previous manager Ed Burke retired early, following underperformance. HL says: “Stephen Anness has maintained a cautious approach, favouring larger, more […]

Method missing for disclosure process

The FSA has produced cost estimates for its proposals to disclose payments to platforms from fund managers without a concrete proposal on how firms will disclose this information. In its consultation paper on the platform market published last week, the FSA proposes to keep rebates between fund managers and platforms, subject to “improved disclosure.” The […]

In Focus Ebola cover - thumbnail

White paper — In Focus: Ebola Virus Disease

Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm