Davina Curling, lead fund manager of the RSA European Fund, is to manage the group's European Prime ...
Davina Curling, lead fund manager of the RSA European Fund, is to manage the group's European Prime fund, which will launch around the beginning of October, writes Fiona Henderson.
RSA Investments launched UK Prime, the first in its planned series of aggressively managed funds, in April this year and European Prime is the next to be rolled out. The remaining funds in the range will be International Prime and North American Prime.
The European version will be invested in the same manner as the UK vehicle, with a concentrated portfolio of around 30-40 stocks. These are to be a mixture of large and mid-cap equities.
The control of risk is an important factor on UK Prime and there is a risk monitoring team heavily involved in portfolio construction.
The European fund will again be targeted at the more sophisticated investor who, the group believes, will appreciate the higher risk involved with a more diversified fund.
RSA predicts higher market volatility will be a positive for the investment process used by the Prime fund range.
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