SVM Asset Management is looking to keep its three onshore UK and European equity funds even though t...
SVM Asset Management is looking to keep its three onshore UK and European equity funds even though these have total assets of £5.2m between them.
They have just reached their three year track record with the £0.3m Continental Europe Fund gaining a five star rating from Standard & Poor's, while the £1.9m UK 100 Select and £3m UK Opportunities funds each received four star rankings.
Mark Noble, head of retail at SVM, there was a general lack of interest in funds due to the state of the market. Last year SVM moved the three products onshore but was allowed by the IMA to keep the performance track records.
Nobel said: 'IFAs want to see a track record. When a fund has a positive three year track record this starts a cycle, groups start to then take more notice of your products and the S&P star ratings give a new boost of confidence to the funds Since these funds have come onshore they have been growing.'
All three funds are available as direct investments or through the SVM Isa. Minimum investments are £1,000 per lump sum and £200 subsequent investment. The initial charge for both the UK Opportunities and Continental Europe is 5.25% with an annual management charge of 1.5%. The UK Select Fund has an initial charge of1.25%.
For further information go to www.svmonline.co.uk
Call for 'preventative measures'
700 potential claimants
Know suitability requirements
As head of distribution
‘Misconduct is misconduct’