OMGI to launch offshore global equity income fund

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Old Mutual Global Investors will launch its Global Equity Income fund over the summer, which will target UK and offshore investors, and be managed by the team of Ian Heslop, Amadeo Alentorn and Mike Servent.

The fund is a sub fund of the Dublin domiciled Old Mutual Global Investors Series plc umbrella fund.

It is designed to target dividend yields and capital growth through a diversified global equity portfolio, and aims to provide monthly income 30% above its benchmark MSCI All Countries World index.

The managers will use a blend of bottom up stockpicking and top down views of investor sentiment and the broader macro environment. OMGI said that the approach would distinguish the fund from other more concentrated style biased global equity income funds.

Ian Heslop, head of Global Equities, said: “We are really excited about the forthcoming launch of our Global Equity Income fund.  We believe that our unique approach to stock selection realises the appeal of being invested in a truly diversified fund.  Unlike some of our peers who remain heavily weighted towards certain sectors, we are able to seek out compelling investment opportunities wherever these exist globally, irrespective of sector, country or region.  We are also flexible so that the prevailing conditions and outlook can be incorporated in our process to ensure we have the greatest scope to deliver sustained outperformance.  We believe our investment approach should therefore deliver an above industry level of monthly income whilst continuing to deliver capital growth.”


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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