group's uk offering to retail intermediary market includes three income generating uk funds and growth and smaller companies funds
Additional share classes are to be added to the £2.234bn Oeic fund range which Insight is taking to the retail intermediary market.
Currently, the fund offers only a single share class with 5%-6% initial and 1.5% annual management charge offering 3% commission and 0.5% renewal commission. It also has an institutional share class.
But in order to cater to the full breadth of the intermediary community new share classes are to be offered with a no-front end charge version being among those under consideration. Key core funds in the UK, where the group is still seeking to make a big name hire, are its range of three income generating UK funds, as well as its UK Growth and UK Smaller Companies funds managed by William Claxton-Smith and Iain Scotland respectively.
The UK smaller companies fund has a strong three-year track record to 24 June with offer to bid returns of 8.41% placing it firmly in the top quartile of the UK Smaller Companies sector.
The UK Growth fund, though second quartile over the same time period, is likely to see a change of manager, as the group has hired a big name manager, but as they have not yet resigned from their current group, cannot yet be named. The fund has returned a loss of 4.69% to 24 June.
Insight has confirmed Claxton-Smith will continue to manage the fund in the interim.
In the UK income arena the group boasts three funds, Equity High Income, managed by Claxton-Smith, Extra Income, managed by David Cryer, the group's UK Corporate bond manager, and Monthly Income managed by Tim Rees.
All first or second quartile in their sectors, Equity High Income invests primarily in UK stocks, while the Extra Income fund invests in a mix of UK and euro-denominated fixed interest, and Monthly Distribution invests in both UK equities and sterling denominated fixed interest.
The enhanced European capability brought by the recruitment of Iain McNeill and David Headland will form a further core proposition from the group. In non-core areas, the group feels secure with its
Stuart Alexander, head of sales at Insight, said: 'All of the UK fund managers have produced good numbers as has James McLellan in America and Garry Mackenzie in the Far East, but Insight is not about specific fund managers.
'It is about a whole team approach. We have just short of 100 fund managers who are supported by a strong research capacity.'
On the pragmatic style the group uses, Alexander said: 'We are not hostage to any one particular investment style. We don't believe value investing will outperform growth investing or vice versa for very long periods. If a group was to stick to a dogmatic style then there would be times it could come unstuck.'
Key sales figures at Insight Investment:
l Stuart Alexander ' Sales director & strategic relationships
Tel (020) 7321 1570
l Graham Bowden ' Regional sales director, City
Tel (020) 7321 1572
l Mark Dunn ' Regional sales director, London and South East
Tel (020) 7321 1573
l Alan Jupp ' Regional sales director, South West & Midlands
Tel (020) 7321 1574
l Andy Hanson ' Regional sales director, North
Tel (020) 7321 1575
l Kevin Condon ' Business development director, Networks and
Tel (020) 7321 1576
l Julia Barnes, Head of intermediary support
Tel (020) 7321 1577
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