Fund Management
Chelverton Launches New UK Small, Mid-Cap Fund
UK small and mid-cap boutique Chelverton Asset Management is launching a new growth fund investing in UK small and mid-cap stocks on 20 October.
UK small and mid-cap boutique Chelverton Asset Management
is launching a new growth fund investing in UK small and mid-cap
stocks on 20 October.
The Chelverton UK Equity Growth fund will hold between 50-60
stocks, with a minimum 80 per cent of the portfolio invested for
the longer-term in cash generative growth stocks.
The remaining 20 per cent of the fund will be invested in large
FTSE sectors like oils and financials, with up to 5 per cent of
the fund in concept stocks.
It will be managed by James Baker, who joined the firm in June,
and David Taylor, co-manager of the Chelverton UK Equity Income
fund.
The fund will share the same strategy as the existing UK Equity
Income fund and has a minimum investment of £1,000 ($1,621) and
an annual management charge of 75 basis points.
“We have grown significantly in recent years and have wanted to
extend our product offering for some time. To do so we needed to
build the investment team, and having known James - a proven
stock picker in the small and mid-cap space - for many years, we
were delighted when the opportunity presented itself to bring him
on board, his appointment creating the opportunity to launch the
new growth fund,” said Taylor.
