The Old Mutual UK Select Mid Cap Trust, managed by Ashton Bradbury and Richard Moore, is to be launc...
The Old Mutual UK Select Mid Cap Trust, managed by Ashton Bradbury and Richard Moore, is to be launched on 11 February with a fixed price offer period until 22 February. The fund, first reported last year in Investment Week, aims to return 3% in excess of the FTSE 250, after charges, on a rolling 12-month basis. It will be a concentrated portfolio of around 50 holdings, in common with many of Old Mutual Asset Management's (OMAM) retail mandates. Core holdings will make up around 3% of the fund and higher risk holdings will typically be 1%. The portfolio will have an annual management fe...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes