Cavendish Asset Management has launched a retail Oeic with two sub-funds to be marketed through the ...
Cavendish Asset Management has launched a retail Oeic with two sub-funds to be marketed through the intermediary community.
The boutique has converted two unit trusts, Cavendish Opportunities and Cavendish Worldwide, into sub-funds of the Oeic and is offering up to 3% initial and 0.5% trail commission for the first time.
The two funds, which until now have been held almost exclusively by high net worth investors, will also be marketed directly.
Paul Mumford, senior fund manager at Cavendish and manager of the Cavendish Opportunities fund since its launch in 1988, said the funds benefit from their small size and flexibility
He added: 'Through an active marketing campaign and the simplicity of the Oeic structure, a broader range of investors will be able to benefit from our high performing funds.'
Cavendish Opportunities invests in small UK companies, recovery situations and shares in sectors of the UK stock market that are out of favour. The Worldwide fund invests mainly in global growth stocks but does not seek to replicate an index. Indeed, the geographical distribution of the portfolio can change considerably over time, Mumford said.
Partner Insight Video: Advisers have had to adapt to the changing investment landscape.
Investment trust savings scheme