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GAM launches new UK equity income fund


GAM has launched the GAM UK Equity Income, managed by Adrian Gosden, who recently joined the company as investment director.

The fund is structured as a UK Open Ended Investment Company (OEIC) and invests using fundamental analysis to identify robust UK companies with sustainable dividends. The strategy seeks to provide both income and capital appreciation by investing in UK companies of all sizes. The long only fund aims to offer a liquid and diversified portfolio with expected low constituent turnover.
Gosden, who joined GAM in September 2017, has 20 years’ investment experience, 18 of which he has spent managing income funds. He will manage the fund with Chris Morrison, who joined GAM in 2011 and has 12 years’ investment experience.
Gosden says: “This is a core fund with the flexibility to invest across the UK equity universe. Despite good progress in the market, we are still finding interesting income opportunities – some fuelled by management actions and others in less popular industry sectors such as financials and industrials. The fund uses tried and tested techniques to invest in around 50 companies of varied sizes, creating diversity of sector and market cap. Clients are central to our aim of producing consistent returns in a clear and responsible manner.”
Douglas Branson, head of UK distribution, says: “The launch of GAM’s first UK equity income fund builds on our long history of equity investing across a breadth of styles and further strengthens our offering to UK advisers and wealth managers. Attracting and recruiting such a well-known and talented fund manager as Adrian underscores the strength of GAM’s brand, our solid commitment to the UK market and to fulfilling our clients’ needs. In today’s low growth, low interest rate world, the importance of consistent and sustainable income for client portfolios has never been greater.
“This follows the launch of three UK OEICs in May of this year that have also generated encouraging interest from the intermediary community. They cover continental European equity, emerging market equity and global credit.”
The fund is domiciled in the UK and at launch it will have an annual management fee of 0.75 per cent with an estimated on-going charge figure of 0.88 per cent.

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