Two Sterling Global fund of funds launches are aiming for long-term growth
Forsyth Partners has launched two funds in its Dublin-based fund of funds Sicav.
These are the Forsyth Sterling Global Balanced Fund and the Forsyth Sterling Global Growth Fund. The investment objective of both funds is to achieve long-term capital growth.
For the Forsyth Sterling Global Balanced Fund, the benchmark index is the FTSE Private Investor Balanced Portfolio Index
Composition of the index is 55% UK equities, 20% international equities, 20% bonds and 5% cash.
Index values are calculated using the FTSE All-Share Index, the FTSE World Index (excluding the UK), the FTSE Gilts All-Stocks Index and seven day Libor minus 1%.
For the Forsyth Sterling Global Growth Fund the benchmark index is the FTSE Private Investor Growth Portfolio Index. This is made up of 60% UK equities, 25% international equities, 10% bonds and 5% cash.
Index values are calculated using the FTSE All-Share Index, the FTSE World Index (excluding the UK), the FTSE Gilts All-Stocks Index and seven day London Inter-Bank Offer Rate (LIBOR) minus 1%. Selection of funds for inclusion in the portfolios will be driven by Forsyth's qualitative research process. The portfolios are likely to be concentrated and it is unlikely that the number of funds included will be much beyond 12 to 15.
Minimum investment in the products is £5,000.
The funds are available at NAV and financial advisers can determine their own commission level up to a maximum of 5%.
Advisers can share Forsyth's management fee and a base trail fee of 0.75% per annum is payable. The funds are designed for sterling-based investors and will only be denominated in sterling.
Paul Forsyth, chief executive of Forsyth Partners, said: 'A number of the investment professionals with which we deal have asked us to introduce the sterling-based funds to our range and to structure portfolios tailored to UK investors.
'The new funds match these requirements exactly. The investment approach will be a conservative one and the new funds are particularly suitable for trustee-type portfolios.'
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till