Investment boutique RMG Wealth Management has launched the RMG Real Return fund, targeting a positive return regardless of market direction.
The Real Return fund will be managed by Stewart Richardson, co-founder and CIO at the group, and launched on 1 February with £13.1m in assets.
Guernsey-domiciled, the fund uses a tactical overlay borne out of market and sentiment analysis alongside an assessment of market fundamentals.
The group said its segregated portfolio service, run using the same process, made 3.4% net of fees for sterling investors and 5% for US dollar investors last year.
RMG partner and head of business development David Man said the launch represented the start of a wider expansion phase.
"Longer term, RMG Wealth aims to launch a range of funds and manage more mandates by cementing our reputation as a global macro, tactical investment manager that protects capital and grows assets," he said.
"The global economy is facing some major headwinds this year which is likely to lead to volatile markets. We believe a simplified strategy of ‘Sell the Euphoria and Buy the Hysteria' will be successful, meaning tactical investment management is the key," Richardson said.
The fund offers weekly dealing and has a minimum investment of 10,000 for both sterling and dollar share classes, with Butterfield Fulcrum Group acting as administrator.
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months