MAM Funds to consider European distribution after re-branding
MAM Funds plc is running feasibility studies for the future distribution of its funds range across European markets.
Speaking today during a press event to present the group’s half year results, Graham Hooper, distribution director at the company, confirmed the possible distribution of MAM’s funds outside the UK and Ireland, where the firm’s 17 funds are already available.
The first countries in MAM’s target would be Spain, France, Portugal, Italy and Germany, but Hooper was not able to comment on a possible timeline.
In 2013, MAM is planning to add further capacity with hires and acquisition from distressed sellers, as well as the launch of new funds. Two new funds are expected to be announced in December 2012 and in the first quarter of 2013.
MAM is also working on the re-branding of its offering, in order to move to a unified brand for all the products offered.
At the end of June, MAM had £1.72bn assets under management, increased by 3.5% compared to the end of December 2011.
Two thirds of the funds were ranked either first or second quartile against their respective peer groups over the first six months of the year.
“Since the half year end, the appointment of Nick Ford to the investment team, as our Fund Manager for US Equities, will enable the launch of a distinct new fund to grow and diversify assets under management,” the company said.
George Godber and Georgina Hamilton will join the group towards the end of the year to further expand MAM’s UK equity offering.