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.

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
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter