River & Mercantile has launched its UK Equity High Alpha and UK Smaller Companies funds. Under Hugh ...
River & Mercantile has launched its UK Equity High Alpha and UK Smaller Companies funds. Under Hugh Sergeant, UK Equity High Alpha holds between 35 and 45 large and mid-cap companies, in addition to 20 to 40 small-cap names. At launch it had 55.1% of its assets invested in blue-chip stocks, 18.7% in the FTSE 250 and 26.2% in the FTSE All-Small. The UK Smaller Companies offering, run by Dan Hanbury and Richard Staveley, is benchmarked against the Hoare Govett Smaller Companies ex-IT index. The bulk of its assets, 44%, were invested in FTSE All-Small names at launch, 30% in mid-cap companies, 10.5% in the Fledgling index, 12% in Aim and the remainder in cash. The minimum investment for both vehicles is £1,000 with £500 top-ups, while the initial and annual charges on each are 5.25% and 1.5%.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till