Merrill Lynch Investment Managers (MLIM) has launched a European equity growth fund as part of its M...
Merrill Lynch Investment Managers (MLIM) has launched a European equity growth fund as part of its Merrill Lynch International Investment Funds (MLIIF) Luxembourg Sicav.
MLIIF European Growth, managed by Olivier Rudigoz, invests in large and mid-cap, pan-European growth style firms and is designed to maximise capital growth in euros.
Elizabeth Corley, managing director of MLIM's retail business, said the fund fills a gap in the MLIIF range and complements the European Value fund.
'There are a number of large European companies showing great growth potential and this fund will look to offer investors favourable returns relative to the broader stock market,' she said.
In July, MLIIF integrated Mercury Selected Trust, Merrill Lynch Equity/Convertible Series and the Merrill Lynch Global Currency Bond Series into one Luxembourg Sicav.
The group also released research showing high-yield equity funds tend to experience greater total returns than growth funds. From January 1986 to August 2002, the FTSE 350 high yield index had a dividend yield of 4.8% per year on average, while the FTSE 350 low yield index had a dividend yield of 2.5% per year.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till