RLAM launches first global equity funds for ex-Waverton trio

RLAM has launched two global equity funds

Royal London Asset Management (RLAM) has added two global funds to its equity fund range, following the hire of a trio of managers earlier this year.

Peter Rutter, head of global equities, will run the funds and be aided by senior fund managers Will Kenney and James Clarke.

The trio all joined RLAM from Waverton at the beginning of the year and the firm said at the time it expected to launch funds for them to run. 

RLAM said it had seen “significant client demand” for a global equity range.

The Royal London Global Equity Select fund will invest in a concentrated portfolio of 25-40 stocks from developed and emerging markets. 

It will take a high conviction approach and invest in attractive stocks regardless of geography, sector, industry or market cap. 

The Royal London Global Equity Diversified fund will invest in a much more diversified global equity portfolio, broadly in line with the index.

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The benchmark for both funds is the MSCI World Net Total Return fund; the Global Equity fund will aim to outperform this by 2.5% and the Diversified fund will aim to outperform by 1.5%, both over rolling three-year periods. 

Rutter said: “Global equities give UK investors the ability to access a broader range of stocks than are available in the UK market, and in some cases opportunities that are simply not available domestically. 

“These funds will offer clients the benefits of our team’s investment process, focused on identifying and investing in stocks globally, with particular shareholder wealth creation and valuation characteristics.” 

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Piers Hillier, CIO, said: The Select and Diversified portfolios offer investors access to exciting opportunities and the benefits of diversification which global equities provide. Launching these funds reinforces RLAM’s commitment to active equity investing in areas where we believe we can add value for our clients.”

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