The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Ranmore
Ranmore Fund Management, a global equity value manager, has lauched a distribution share class for its flagship Ranmore Global Equity Fund. The fund is aimed at institutional investors seeking bi-annual income payments.

The launch responds to rising demand from discretionary managers looking for income from their equity exposure, the firm said in a statement. The new share class pays out the underlying dividends to investors rather than reinvesting the dividends back in the fund.

The distribution share class is to be registered under HMRC’s Reporting Funds regime, ensuring clear and tax-efficient income reporting for UK-based investors.

A minimum investment of £10 million ($13.61 million) applies to institutional and ultra-high net worth investors, the firm continued. To broaden access, the share class will also be made available through investment platforms at a lower entry point.

"The introduction of a GBP distribution share class is a natural step for the Ranmore Global Equity Fund. Many investors today want both capital growth and a steady income stream. This offering allows us to better meet those needs without compromising on our investment philosophy,” Sean Peche, portfolio manager at Ranmore, said.

The fund is available to investors in the UK, South Africa, Ireland and to qualified investors in Switzerland. Where allowed, access is available through direct investments, UK platforms, and South African platforms. In the UK, these include Elevate (abrdn), AJ Bell, Aviva, Hargreaves Lansdown, Interactive Investor, Wealthtime (Novia), Transact, and Bestinvest.

Guinness Global Investors
Guinness Global Investors has launched the Guinness Global Real Assets Fund. The fund is Irish-domiciled and managed by Mark Brennan. Previously, Brennan was one of the lead fund managers on the Foresight listed infrastructure funds.

The portfolio will consist of listed infrastructure and real estate companies that own and operate assets across sectors including utilities, transportation, communications, digital infrastructure, data centres and healthcare, the firm said in a statement. The strategy uses the quality-focused approach to equity investing that Guinness pursues across its fund range and benefits from the infrastructure sector’s adjacency to Guinness’s long-standing energy expertise.

“The listed infrastructure and real estate opportunity set is global, diverse, and set up for a long-term renaissance driven by consistent flows of capital and secular tailwinds,” Brennan said. “The last few years of rapid rate tightening put pressure on these asset-heavy business models, but as macro conditions now normalise, we see high-quality real asset owning companies providing stable and growing income, and resilient earnings growth. The fund provides a natural inflation hedge for investors, and its lower correlation to wider markets is a defensive form of diversification.”

“Our Global Real Assets Fund provides clients with access to this increasingly significant asset class using a process that has been proven to deliver high performance across long time periods,” Edward Guinness, CEO of Guinness Global Investors, added.