Independent value fund manager GMO Woolley is to launch a Dublin-based Oeic with six sub-funds, with...
Independent value fund manager GMO Woolley is to launch a Dublin-based Oeic with six sub-funds, with a view to offering them to retail investors.
The range, which comprises UK Equity Value, UK Equity Core, UK Equity Small Cap, World ex-UK Equity, US Equity Core and Emerging Markets Equity sub-funds, will initially be aimed at institutional investors. The company also has plans to launch a further three sub-funds covering Europe and global equity markets.
The new funds, which have a quantitative management process, aim to outperform their benchmarks by an average of 2% a year by following a low-risk investment strategy.
GMO Woolley recently won a mandate to run £80m worth of assets from Axa MultiManager, which is administering £610m on behalf of Bradford & Bingley. The GMO Woolley mandate from Axa is to run a US Equity portfolio.
At present, the minimum investment in the new funds is £500,000 but the company plans to lower this once the funds are up and running and may look to launch a retail share class once a track record has been established. One way the distribution issue may be handled if this does happen is through a series of white labelling agreements with national intermediary groups.
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