Iveagh Wealth Fund available in Sweden
The Guinness family office and asset management firm has announced the launch of the Iveagh Wealth Fund in Sweden following demand from retail and institutional investors and the financial adviser community.
The Iveagh Wealth Fund is a global multi-asset Ucits III fund for retail investors and is managed by John Ricciardi and Christopher Wyllie.
The Iveagh Wealth Fund, launched in London in September 2008, currently holds more than £242m (around Sek2.52bn) of assets under management.
The Iveagh Wealth Fund replicates the asset allocation service provided for family office clients, including the Guinness family, targeting annualised returns of 10% over an investment cycle.
The Fund currently holds a Standard & Poor’s AA fund rating, awarded in January 2010.