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Momentum of investors moving to equities is increasing, says CAM

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Sales performance at Cavendish Asset Management (CAM) so far in 2013 suggests that investors really are beginning to move back into equities, according to Cronan MacMahon, the firm’s sales and marketing director.

 
“While the fund management industry has been talking, since the beginning of the year, about investors moving back into equities, our sales figures are now indicating that this really is beginning to happen and is gaining momentum,” says MacMahon (pictured). “With the Bank of England indicating that interest rates will remain low for the foreseeable future and the shift away from bonds, investors now seem more willing to increase their equity holdings, which can also generate an attractive yield  as well as potential capital growth.” 
 
Allied to this increase in sales, Cavendish expects these to be boosted now that its 10 funds are available on Fidelity’s Fund Supermarket from 27 August.
 
“We are delighted to have added another major platform to the other eleven platforms that Cavendish is already featured on,” says MacMahon. “Being on the Fidelity platform will substantially enhance our distribution and for the moment completes our plans in this area.
 
“Post RDR we are finding the market beginning to settle as fee based pricing and the outsourcing of investment decisions begin to become the ‘norm’. Particularly, the role of investment specialists such as discretionary managers, portfolio builders and sector allocation specialists has notably increased.
 
“Of our funds, three of the UK funds, The Opportunities, The Select and the Balanced Income, are all first quartile funds throughout all measurement periods.
 
“Our AIM fund is also beating its benchmark and will benefit from the recent ability to include AIM stocks in ISAs and the Stamp Duty exemption in April 2014. As a result we believe there will be a resurgence in the AIM market.
 
“Overall, to date, 2013 has been very successful for Cavendish with AUM rapidly approaching £1bn for the first time in the company’s history.”
 
The Cavendish funds on the Fidelity platform are: Cavendish AIM Fund; Cavendish Asia Pacific Fund; Cavendish European Fund; Cavendish Japan Fund; Cavendish North American Fund; Cavendish Opportunities Fund; Cavendish Technology Fund; Cavendish UK Balanced Income Fund; Cavendish UK Select Fund; and Cavendish Worldwide Fund.                                               
 
Paul Richards, head of sales at FundsNetwork, says: “The launch of the Cavendish Asset Management range on FundsNetwork is a welcome addition. Cavendish offers a diverse range of equity funds and as such is a timely addition to the platform.”  

 

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