Bambos Hambi, head of portfolio services at Rothschild Asset Management, has restructured the three ...
Bambos Hambi, head of portfolio services at Rothschild Asset Management, has restructured the three funds of funds it bought from Misys in May this year.
The underlying holdings in the three, International, Higher Income and UK Equity, which have been rebranded under Rothschilds' Five Arrows brand, are being altered to reflect the group's buy list.
The three have a 3.25% initial fee, 1.5% annual charge and a 0.5% trail commission is available to intermediaries.
There is also a 3% initial commission available for intermediaries.
The £2.5m Five Arrows Independent International Fund provides Rothschilds with its first retail fund of funds within the global growth sector.
The £7.5m Higher Income Fund, in the cautious managed sector, is benchmarked against a mix of 60% fixed interest and 40% equities. The UK Equity Fund also has assets of £7.5m and is in the UK All Companies sector. All three funds are exclusively for retail investors.
The Higher Income Fund is in the cautious managed sector with a tilt towards absolute yield from both shares and bonds. The existing Rothschilds Independent Income Fund is in the balanced managed sector.
Fund purchases by Hambi include Artemis UK Smaller Companies, Thames River European, and Findlay Park US Smaller Companies in the International portfolio.
The group's Higher Income holdings include the New Star Higher Income, HSBC Growth & Income and BWD Equity Income funds, while in UK Equity Hambi has bought Artemis UK Smaller Companies and New Star Higher Income.
Savers losing an average of £91,000
Our weekly heads-up for advisers
Permissions regained on 10 August
Also worked at Westpac and Barclays
Auto-enrolment enforcement rises