Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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 Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Play Henderson's Hermon: how to be defensive in smaller caps

Henderson's Hermon: how to be defensive in smaller caps

Hermon, who manages the Henderson Smaller Companies trust, talks about he will tackle a 'challenging' 2016.

Your Business: Cover Star Club

Profile: 'what we are doing at Mosaic is Darwinian'

Profile: 'what we are doing at Mosaic is Darwinian'

The changes in financial services over the last few years may leave some destitute warns Marco Sambucci of Mosaic Money Management

Wealth Manager on Twitter