MAM Funds plc (MAM) is launching the Acuim UK Multi Cap Income Fund, its first single strategy OEIC, on 14 October 2011.
The fund is the first to be launched under MAM Funds plc’s newest brand ‘Acuim’, adding to the other established brands of ‘Midas’ and ‘Miton’. It will be run by Gervais Williams, managing director of MAM, and manager of the Diverse Income Trust. Gervais will be supported by senior fund manager Martin Turner who joined the company in May 2011.
Its aim is to provide attractive levels of dividends coupled with capital growth over the long term. The fund is able to invest across the market cap spectrum of UK quoted companies and will make selections on the basis that they have scope to grow dividends at a faster rate over the long-term.
Ten reasons to consider the Acuim UK Multi Cap Income Fund in today’s volatile markets:
• The target yield of 5%+ – fees and costs are charged against capital so all dividend income can be paid to the investors
• The emphasis on opportunities to provide ‘good and growing’ income
• A way to diversify the delivery of income and growth alongside existing income and growth funds
• The flexibility to invest in UK companies of all market capitalisations
• Not benchmarked and certainly not a ‘closet index hugging mentality’
• The potential for the fund to grow the initial rate of dividend faster than funds that invest predominantly in large cap stocks
• Current depressed equity income share valuations
• Fund manager, Gervais Williams’ long term track record of outperformance
• Quarterly income payments
• A diversified portfolio of 80-120 holdings
The launch follows the successful launch of the Diverse Income Trust earlier this year and provides investors with a further way to access Gervais’ fund management expertise through an open ended vehicle.
Gervais Williams, managing director, MAM Funds, says: “Our aim is to provide good and growing income for our investors. We believe there is a gap in the market in relation to income funds as most have a profound large cap bias, coupled with high sector or stock specific exposure. This presents a unique opportunity for the Acuim UK Multi Cap Income fund. In today’s low interest rate, and low growth environment, investors need income generating assets, particularly those which are under-represented to diversify income and help manage risk.”
ENDS
Media enquiries to:
Roisin Hynes/Nicolle Farthing, Broadgate Mainland
rhynes@broadgatemainland.com / nfarthing@broadgatemainland.com
Tel: +44 (0)207 726 6111
Notes to editors
Acuim UK Multi-Cap Income Fund
Structure: UCITS III, OEIC
AMC: 1.5%
Min Investment: £1,000
The fund will typically hold between 80 and 120 stocks.
The fund’s anticipated market capitalisation breakdown is:
10% FTSE 100 (Range 5-30%)
25% FT Midcap (Range 20-50%)
65% AIM and small/micro cap (Range 30-65%)
Gervais Williams
Gervais currently manages the Diverse Income Trust Plc and is Managing Director of MAM Funds Plc. Gervais has been an equity portfolio manager since 1985. His career includes 5 years with Throgmorton Investment Management (later part of the Framlington Group), 3 years with Thornton Investment Management (part of Dresdner Bank) and 17 years with Gartmore Group Ltd where he was head of UK Small Companies investing in UK smaller companies and Irish equities. He won Investor of the Year awarded by Grant Thornton at their Quoted Company dinner in both 2009 and 2010. He has sat on two DTI committees on the quoted small cap sector, is a member of the AIM Advisory Council and recently joined the Board of Quoted Companies Alliance.
Martin Turner
Martin joined MAM Funds in May 2011 to work alongside Gervais. Prior to MAM, Martin has spent nearly 20 years in the City. He qualified as a Chartered Accountant with Arthur Andersen in 1995 before moving to Rothschild and then on to Head of Pan European Mid and Small Caps Sales at Merrill Lynch. Following this, Martin was Head of Sales at Teathers/Landsbanki before taking the Head of Small/Mid Cap Equities role covering research, sales and trading at Collins Stewart. Martin and Gervais have discussed stocks for investment in a professional relationship since 2004. Their different expertise and skills are expected to complement one another in seeking to deliver premium returns for their clients.
MAM Funds
MAM Funds plc (MAM) is a leading multi-asset fund management specialist, incorporating Midas Capital Partners and Miton Asset Management fund brands. Both companies are wholly owned subsidiaries of MAM.
Founded in 2001, MAM represents the combined talents and experience of Midas Capital Partners and Miton Asset Management creating a fund management group driven by global asset allocation under the investment direction of Gervais Williams. The group’s fund management teams have a wealth of experience and have won numerous industry awards for their innovative investment processes and performance.
In 2004, MAM joined the Alternative Investment Market. Members of the fund management team invest in their own funds and are significant shareholders in the group. MAM has offices in Liverpool, Reading and London.
Past performance should not be seen as an indication of future performance. The value of investments and any income will fluctuate and investors may not get back the full amount invested. This fund may experience high volatility due to the composition of the portfolio or the portfolio management techniques used. The views expressed are those of MAM Funds at the time of writing, are subject to change without notice and should not be interpreted as investment advice. This document is provided for the purpose of information only.
MAM is a trading name of Midas Capital Partners Limited (reg. no. 4325961) and Miton Asset Management Limited (reg. no.1949322) each incorporated and registered in England and Wales (with their registered office at 10-14 Duke Street, Reading, Berks. RG1 4RU) and authorised and regulated by the Financial Services Authority.
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