Sarasin launches two new funds of funds

Sarasin & Partners has launched two non-Ucits, UK-authorised funds of funds.

The Sarasin Global Equity Fund of Funds and the Sarasin Global Diversified Fund of Funds will be managed by Sam Jeffries, a Sarasin partner, with Oliver Tucker as co-manager. They will be supported by Lucy Empson and David Vickers.

Both fund of funds will consist of around 15-25 funds, and will have long-term capital growth objectives with different risk profiles. The Sarasin Global Equity Fund of Funds will be measured against global equities as determined by a composite of 50% MSCI All Countries World Index and 50% MSCI All Countries World Index Sterling Hedged.

The Sarasin Global Diversified Fund of Funds will be measured against a composite index of 50% global equities as above, 40% in Government and Corporate Fixed Interest Securities and 10% in cash.

Jeffries said: “These two funds represent an extension of what we have been successfully providing to private clients for several years. As authorised investment funds they will now be available to both existing clients and the wider public in the UK. Investors will of course benefit from the usual tax-efficient advantages of having the individual fund holdings in a pooled fund.”

The Funds will be structured as UK FSA authorised investment funds categorised as OEICS under the Non-Ucits Retail Scheme (NURS) and will be listed in the IMA Specialist sector. Retail (A) share classes will have a 1.5% annual management charge, while Institutional (B) share classes will have a 0.75% annual management charge. The minimum investment for retail classes is £1,000. 

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