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Kennox Strategic Value adopts Ucits status
by James Phillipps on Oct 04, 2013 at 11:37
The Kennox Strategic Value fund is now Ucits-compliant after the conversion was unanimously approved at its EGM last week.
Managing director Peter Boyle said: ‘We believe that the adoption of Ucits, with its more rigorous compliance regime, will be beneficial to the fund and all investors – the change will have no impact on the manner in which the portfolio is managed (the portfolio has always met all Ucits requirements) or running costs, yet should give a further layer of client comfort and open the fund to the growing number of investors who require Ucits accreditation.’
The fund, which is managed by Charles Heenan with a long-term value approach, has attracted a loyal following for its low volatility approach.
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on Dec 10, 2013 at 12:57