Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

GAM to close inflation-focused fund

by Robert St George on Jan 07, 2014 at 10:44

GAM to close inflation-focused fund

The GAM Star Global Equity Inflation Focus fund is to close this month, Wealth Manager can reveal.

The fund, managed externally by US firm Manning & Napier Advisors, held more than £80 million at the end of 2012 but now contains less than £5 million.

Due to this small size, GAM will liquidate the fund on 17 January.

In 2013 the fund returned 9.9%, compared with 21.1% from its benchmark MSCI World index.

Launched in 2011, the fund’s objective was to invest in the companies best positioned to provide inflation protection without any sector, style or market cap bias.

Its top holding is currently Cameron International, which sells flow management systems to the oil and gas industry. The Texas-based group’s share price collapsed by 14% in a single day in October after it reported weak quarterly earnings.

GAM confirmed the fund's planned closure and declined to provide further comment.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the funds


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet