Premier is planning to add three multi-managed funds to its Luxumbourg Sicav, writes James Thorneley...
Premier is planning to add three multi-managed funds to its Luxumbourg Sicav, writes James Thorneley.
One fund will invest in global equities and will be run by five different managers. Jim Broadfoot who works for Mackenzie Investment Management and is based in Florida, will run a portfolio of emerging US companies while Paul Baran, also from Mackenzie, will select US blue chips. Richard Muckart who already runs Premier Far East Income closed-end fund will manage a Far East portfolio. Max King, a fund manager at JO Hambro, will select pan-European equities and Peter Cundill, director of Cundill Investment Research, will have a less specific role and select global value stocks.
The second multi-manager fund will invest in technology companies. Along with Broadfoot, Jim Raw from Mackenzie Financial Corporation, based in Canada, will select technology companies. John Pullar-Strecker, manager of Aberdeen Technology unit trust, and Sanjay Rijhsinghani who runs Premier Technology will also be involved.
The portfolios of the global equity fund and the technology fund will be divided equally between the managers. The group is also launching a more specialist, Canadian equities fund.
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