Brooks Macdonald Funds is launching the actively-managed IFSL Strategic Growth Fund, completing its range of Managed Portfolio Service (MPS) portfolios available in unitised structure.
The Strategic Growth Fund, which opened its funds offer period on 16 October and officially launches on 31 October 2013, will broadly mirror Brooks Macdonald’s MPS Medium to High Risk (Growth) segregated portfolio. The Fund aims to generate capital growth over the longer term by investing primarily, though not exclusively, in collective investment schemes investing in UK and international equities, holding between 75-95% in this asset class.
The fund will sit in the IMA Flexible Investments sector and be managed by Jonathan Webster-Smith and Mark Shields, who currently manage both Brooks Macdonald’s MPS and risk-rated fund of fund ranges.
The launch of the fourth fund means that all actively-managed portfolios within the highly successful Brooks Macdonald MPS range are now available in unitised form, providing investors with the flexibility to select the investment structure best suited to their needs. The benefits of investing through the unitised funds include:
· initial investment minimum of GBP1000
· Annual Management Charge of 0.50%
· no VAT payable on the Annual Management Charge
· Capital Gains Tax ‘rolled up’ and incurred only when units are redeemed
· daily liquidity
In addition to the launch of the Strategic Growth Fund, Brooks Macdonald has reduced the Annual Management Charge (AMC) on the three other funds that comprise the unitised range, with Sterling Class A Shares now carrying an AMC of 0.50% (previously 0.75%) and Sterling Class B Shares reduced to 1.25% (previously 1.50%), benefiting both existing and new investors.
Jonathan Webster-Smith, Fund Manager at Brooks Macdonald Funds, says: “We’re pleased to complete our range of risk-rated fund of funds and in doing so, further broaden the availability of Brooks Macdonald’s proven investment process to new and existing investors. The Strategic Growth Fund will broadly mirror our MPS Medium to High Risk strategy, which has performed well over past years, outperforming both the FTSE WMA Growth (previously APCIMS Growth) and IMA Flexible Investment sectors and we look forward to repeating this success with the Strategic Growth Fund.”
Simon Wombwell, CEO of Brooks Macdonald Funds, says: “Our fund of funds range is an excellent way for investors to access Brooks Macdonald’s well-respected investment process and we’re pleased to now offer the complete range of actively-managed, segregated MPS portfolios in unitised format, giving investors full access to the risk level and structure that best suits their needs.”