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Evercore launches funds chasing growth and income
Investment boutique Evercore Pan Asset Capital Management has launched two lower-cost funds aimed at retail investors.
The Pan Dynamic Balanced and Pan Dynamic Growth funds will use exchange traded funds (ETFs) to supplement the asset mix selected by Evercore, chasing a combination of capital growth and income.
Both funds have a minimum retail investment requirement of £1,000 and will be targeted at IFAs and charity investors throughout March.
The group said both funds are currently positioned to protect UK investors from losses in gilts while making money out of any decline in the value of sterling.
John Redwood, Conservative MP and chairman of Evercore, said: "We believe investors want to keep it simple – complexity means more cost, more excuses, more scope to get it wrong. They want good value - they don't want lose their gains in paying the manager's fees."