Rathbone Unit Trust Management suggests that with the stock markets at their current levels, it...
Rathbone Unit Trust Management suggests that with the stock markets at their current levels, it is a good time to be investing in global companies. The group also announced the launch of its Global Companies fund for 18 April 200.
Hugh Priestley, investment director said: "Following major falls in stock markets over the past 13 months we are beginning to see value emerging."
Rathbone Global Companies will be managed by Priestley and supported by James Thomson, assistant fund manager.
The fund will focus on long-term capital growth opportunities from a global equity portfolio. It will be invested primarily in larger companies but will also include mid and smaller capitalisation stocks. Key sectors for investment are likely to include outsourcing (20%), leisure (10%), growth in financial services (10%), and technology (25%). In particular, Priestley will favour companies with above average growth or value potential with good prospects on a global basis.
A diversified approach will be taken with approximately 50 stocks to be held in the portfolio. The asset allocation of the fund will be approximately 40% invested in Europe, 25% in the UK, 25% in the US and 10% in the rest of the world.
There is a minimum lump sum investment of £1,000, an initial charge of 5.5% and an annual charge of 1.5%. Throughout the launch period of 18 April to 8 May 2001a 2% discount is offered through IFAs. A 3% commission is payable.
The fund is available through the Rathbone Isa and Pep products and also through the unit trust and ISA savings plans.
For further information, IFAs should call the broker helpline on 0207 399 0399.
Paul Bruns and Elaine Parkes
3,000 left to transfer
Record numbers of people aged 90 plus
From 3 to 10 October