Royal London Asset Management has continued its expansion into the UK equity market with the launch of a small cap fund which will invest primarily in firms outside the FTSE 350.
The Royal London UK Smaller Companies Trust, a UCITS III authorized unit trust launched on 20 July, will be managed by senior UK equity fund manager Victoria Stewart.
Stewart has been in the industry for 13 years working at United Friendly Asset Management and Cantrade Investment Management before RLAM.
She is a member of RLAM’s seven-strong UK equity team and was appointed lead small cap fund manager across the company’s range of UK equity products in January 2006.
RLAM chief investment officer, Robert Talbut, says: “We are delighted to announce the launch of this new fund as the next step of our continued expansion into the UK equity market.
“We have a great deal of experience of managing equity portfolios for the Royal London Group and are increasingly offering these skills out to external clients.
“Victoria is a very talented small cap fund manager and I have every confidence in her delivering strong returns with this fund.”
Stewart adds: “This is an exciting new fund launch for RLAM and for me personally.
“I’ll be looking for smaller UK companies which I believe have been unnoticed by the market and which have the long-term potential to grow significantly ahead of the wider economy.
The product is part of the IMA UK Smaller Companies sector and will be benchmarked against the FTSE Small Cap (ex Investment Trusts) Index.
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