Slater Investments, the London-based investment management company, is to launch the MFM Slater Income Fund on 19 September.
The Fund is one of the first to launch under the FSA’s new Key Investor Information Document (KIID) regulations, which came into force on 1 July this year. KIIDs are part of the UCITS IV Directive and will replace the simplified prospectus previously used.
The investment objective of the Fund is to produce an attractive and increasing level of income in addition to seeking long term capital growth. The Fund will invest in shares of high yielding companies with growing profits and strong cash flows across the market capitalisation spectrum. The Fund’s prospective dividend yield is 5.49%.
The MFM Slater Income Fund will be managed by Mark Slater, CIO of Slater Investments. Mark Slater and his team also manage the MFM Slater Growth Fund and the MFM Slater Recovery Fund. The MFM Slater Income Fund compliments the MFM Slater Growth and Recovery Funds. All three funds share a common focus of protecting against downside risk and a rigorous approach to screening for opportunities and weeding out companies that may disappoint.
The MFM Slater Growth Fund and the MFM Slater Recovery Fund have returned 30.4% and 14.5% respectively over the past year compared to the FTSE All Share TR’s return of 7.26%. Each Fund has delivered top decile performance in the IMA UK All Companies sector over one, three and five years*.
Mark Slater, CIO of Slater Investments, says: “Many other funds have very heavy weightings towards a handful of lethargic large cap stocks. We believe that there are attractive, often overlooked companies outside of the FTSE 100 with sustainable and growing dividend yields and capital appreciation potential.
“High yielding stocks are by far the most attractive source of income at this time. Bond yields are dangerously low thanks to the distortions of Quantitative Easing. Interest rates on cash are likely to remain very low for the foreseeable future. Certain high yielding equities offer the prospects of higher yields, capital growth and inflation protection. We expect a tidal wave of money to be invested in higher yielding equities in the coming years, which should mean significant capital gains for early investors.”
*Source: Morningstar, 2 September 2011
ENDS
For further information please contact:
Mark Slater Slater Investments 020 7330 6132
Zoe Butt / Lizzie Hannaway Broadgate Mainland 020 7726 6111
Notes to editors:
Slater Investments Limited was founded in 1994 by Mark Slater and Ralph Baber to provide quality investment advice to High Net Worth individuals and offshore funds. Today, Slater Investments manages several UK equity unit trusts and portfolios for institutional investors, pension funds, charities and high net worth individuals. In the alternative investment space Slater Investments manages an equity-focused, long-biased hedge fund.
www.slaterinvestments.com
MFM Slater Income Fund – facts
Structure UCITS III, OEIC
Minimum investment £1,000 (Class A) £100,000 (Class B)
Initial fee 5.25% (Class A) 1% (Class B)
AMC 1.5% (Class A) 1% (Class B)
The fund’s anticipated market capitalisation breakdown is:
FTSE 100: 34%
FTSE 250: 27%
FTSE Small Cap: 22%
FTSE Fledgling: 3%
AIM: 14%
The fund will typically hold between 50 and 70 stocks.
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