Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

City Financial rebrands OPM equity income fund

City Financial rebrands OPM equity income fund

The OPM Equity High Income Portfolio fund is to be rebranded as the City Financial UK Income Opportunities fund.

City Financial acquired the fund in April 2013 when it absorbed OPM Fund Management.

The fund had been a laggard – returning a fourth-quartile 29.5% over the past three years, compared with an average of 36.2% from its IMA UK Equity Income sector – but its performance has turned around since Leigh Himsworth (pictured) took the reins in April.

On a one-year view, the £12.1 million fund has returned a top-quartile 21.2% compared with a sector average of 16%. Its net distribution yield is 3.24%.

Last month City Financial merged Tony Yousefian’s £31 million OPM Fixed Interest fund into the City Financial Diversified Fixed Interest fund, run by Mark Harris.

It was revealed this week that Yousefian would be joining Charteris, taking the OPM Property Portfolio fund with him.

Leave a comment!

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

Related Fund Managers

Mark Harris
Mark Harris
44/119 in Mixed Assets - Balanced GBP (Performance over 3 years) Average Total Return: 32.12%
Tony Yousefian
Tony Yousefian
23/23 in Property - Global Equity (Performance over 1 year) Average Total Return: 9.21%
Leigh Himsworth
Leigh Himsworth
87/99 in Equity - UK Equity Income (Performance over 1 year) Average Total Return: 2.68%
Citywire TV
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter