Adviser Updates - Rathbone Unit Trust Managers
Rathbones funds merge to create new Rathbone Recovery Fund.
From the 13th July 2009 the Rathbone Smaller Companies Fund and the Rathbone Special Situations Fund have merged to create the Rathbone Recovery Fund.
The new fund has the objective of identifying undervalued businesses whose recovery potential has been underestimated by the market. Such companies are invested in to achieve capital growth over medium to long term periods and sold to achieve returns. A fund for the current market cycle and for both periods of flux and relative calm.
The nature of unrecognized recovery potential may be based on macro economic, industry, sector specific or stock specific issues. Stock selection will involve the identification of a catalyst capable of triggering and sustaining a recovery in each specific stock selection. The fund has the flexibility to invest in companies of all sizes and to hold up to 20% in European shares; it will be benchmarked against the FTSE All-Share index. The benchmark is used for comparative purposes only.
Available for lump sum investment or regular savings into an ISA, or as an unwrapped unit trust lump sum or savings plan. Charges are 5.5% initial charge and 1.5% per annum annual management charge.
The fund is designed to create a long-term investment vehicle, with an average of 50-60 holdings from FTSE All-Share, AIM and FTSE Europe Indices. The sector for this stock picking fund is the IMA UK All Companies sector.
Julian Chillingworth and Marina Bond are the Fund Managers, with support from Assistant Fund Manager, Alan Dobbie and Analysts.
This announcement comes with a host of supportive downloads aimed at assisting advisers in understanding the fund and the merger process. There are also detailed reviews of the Investment Strategy, the Fund Management Team and how the new fund differentiates itself from other Recovery Funds in the retail market.
Click here to visit the Fund Home Page at Rathbone Unit Trust Management Limited
Click here to Download the Fund Facts (PDF)
Click here to Download the Sales Aid (PDF)
Click here to Download the fund presentation (PDF)