Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Saracen to merge two global funds

Saracen to merge two global funds

Saracen is to merge its SMT Saracen Global Equity Income fund with its Global Income & Growth vehicle.

Saracen has managed the SMT fund since last September, but the two vehicles will officially merge next Monday.

The combined fund will be over £16 million in size and Graham Campbell and Daniel Leaf will continue to manage it.

Commenting on the change, Campbell, who is also Saracen's chief executive, said: We believe this is in recognition of the excellent performance of Saracen Global Income and Growth and the larger fund should appeal to potential investors.

'Equity valuations remain attractive and we are confident our long-term research-based approach will continue to deliver growth in both capital and income for our investors.'

The Saracen Global Income & Growth fund primarily invests in large, global businesses which are strongly positioned in their markets.

These companies include Atlas Copco, BASF, Colgate Palmolive and Novartis, and since the fund's launch in June 2011 Saracen Global Income & Growth has achieved a total return of 19.8%.

This is compared to the 14.4% total return on the FTSE All Share Index.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter