Lowes brings multi-asset fund onshore

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Lowes Financial Management, a privately owned independent financial advisory firm based in Newcastle, UK, is bringing its £5.1m Jersey domiciled RHFS Diversified Strategy open ended investment company onshore in order to widen its availability to financial intermediaries and self directed investors.

Launched in 2010, the OEIC is managed by Doug Millward and Paul Milburn. The portfolio has no exposure limits for any asset class, geographic area, industry or economic sectors, but is intended to be diversified.

Research for the fund encompasses all investment vehicle types, especially OEICs, investment trusts, ETFs and structured products. Currently some 10% of the portfolio is exposed to structured products.

International equities account for some 54.4% of the fund, with UK equities at 29.9%. There is a 5.5% overweight to European equities against the fund’s benchmark.

Millward said: “We believe quantitative easing will have a positive effect on risk markets. The expectation is that QE will force investors up the risk scale which will see a rising demand for equities.”

Milburn added: “Where yields are currently on gilts, I don’t see them as having an attractive return profile relative to the risks on the downside. We prefer to invest in strategic bond funds as they have the flexibility to invest across the credit spectrum and manage duration risk.”

There is no exposure to property at present.

Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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