Exeter set to launch first equity Oeic

Exeter Fund Managers is looking to launch its first ever direct equity fund with a FTSE 350 vehicle to be run by Geoff Miller. Exeter already has one Oeic fund and nine unit trusts, all of which buy investment trust paper, but the group is now looking to expand its investment scope with a further Oeic launch. Miller has been with Exeter for the past two and a half years and was previously investment director at Brewin Dolphin. While Exeter has never run a directly invested open-ended fund it does have some pure equity holdings in its unit trust portfolios and all these are run by Mill...