Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. 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
46/123 in Mixed Assets - Balanced GBP (Performance over 3 years) Average Total Return: 26.37%
Tony Yousefian
Tony Yousefian
21/23 in Property - Global Equity (Performance over 1 year) Average Total Return: 5.59%
Leigh Himsworth
Leigh Himsworth
86/94 in Equity - UK Equity Income (Performance over 1 year) Average Total Return: -0.31%
Citywire TV
Citywire TV
Play Oil slump opportunities, Japanese recession & a UK bank conundrum

Oil slump opportunities, Japanese recession & a UK bank conundrum

Investment Pulse this week looks at further challenges for the British banking sector, Japan's return to recession and the continuing weakness of brent crude.

Play JPMAM's Georgina Brittain: the best opportunities in mid caps

JPMAM's Georgina Brittain: the best opportunities in mid caps

Brittain discusses where she sees opportunities in mid caps despite rising valuations.

Play Dark German days, dollar strength & Europe's banking recovery

Dark German days, dollar strength & Europe's banking recovery

This week's Investment Pulse looks at the troubled German economy, the health of the eurozone's banking system and what the ongoing dollar strength means for the global economy

Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter