The Stewart Ivory Global Opportunities Fund has gained unit-holder approval for its conversion from ...
The Stewart Ivory Global Opportunities Fund has gained unit-holder approval for its conversion from a unit trust into an Oeic fund.
The Oeic, First State Global Opportunities, begins trading this week. It will be managed by Andrew Dalrymple, who has been fund manager since its inception in 1999.
Stuart Paul, CIO, said: 'The First State Global Opportunities Fund invests in around 40 of our best stock ideas globally, but does not have to have exposure to any particular market or sector. The Oeic structure is attractive for the retail market and this is a welcome addition to our core product range.'
Over one year to 24 October on an offer to bid basis, Stewart Ivory Global Opportunities is ranked 138 out of 149 fund in the global growth sector, returning -36.8% compared to the sector average -26.0%.
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