Bringing you live news and features since 2006 

VAM Funds signs new discretionary funds management agreement with Sanlam UK

RELATED TOPICS​

VAM Funds is to move certain Discretionary Funds Management (DFM) mandates in VAM Managed Funds (Lux) from Close Asset Management to Sanlam Private Investments (Sanlam UK).

The move is part of a strategic shift from VAM Managed Funds (Lux)’s current fund of funds model into a new directly managed approach that promises to maintain growth but bring efficiencies at a time when asset managers are seeking to offer better value to customers.
 
VAM appointed Close Brothers Asset Management in July 2015 as part of a strategic agreement to meet the needs of international advisers and the increasing uptake of discretionary fund management services. The successful four-year relationship brought three new UCITS multi-asset funds to the VAM proposition, with assets under management growing to USD200 million, amidst continued demand from IFAs for a DFM proposition managed by experts in fund selection.
 
Under the new agreement, VAM’s multi-asset funds will be directly managed by Sanlam UK, with the opportunity for portfolio managers to invest directly in the securities markets, rather than buying positions in other funds with fund of funds model. This will be effective from 1 April 2019, subject to regulatory approval.
 
Brendan Adams, Managing Director, VAM Global Management Company, says: “I’m delighted to announce that VAM has selected Sanlam UK to manage its discretionary fund proposition. This was an extensive search amongst the best of breed managers, but Sanlam demonstrated clearly strong historical investment performance, as well as support for our worldwide client and investor base and our need for a directly invested approach.”
 
“As with the wider asset management industry, DFMs are facing the challenge of driving greater value for money but delivering the same levels of service to meet their fiduciary duties to investors. With this new agreement, we expect to continue to offer our investors the strong performance and transparency VAM is known for, and at a competitive cost.”
 

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by