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Dundee to distribute Sicav
Dundee Wealth Management is looking to distribute its Dynamic Investment fund Sicav into the UK later this year.
The Canadian financial services company said it would be looking to make all six of the Sicav's sub-funds available to UK retail investors.
The Focus+ Resource fund is a natural resources equity portfolio with a long-term philosophy. It typically holds approximately 75 per cent in Canadian equities or mutual funds. The Dynamic Precious Metals fund is a precious metals equity portfolio with a model asset mix of more than 90 per cent in Canadian stocks.
The Power Canadian Growth fund is a large-cap growth global equity vehicle with a normal allocation of approximately 60 per cent to Canada, and the Power American Growth fund is a growth portfolio invested almost 90 per cent in the US.
The Global Discovery fund picks global equities with a contrarian growth bias, while the Global Dividend Value fund looks for value stocks with healthy or growing dividends.
Jason Evans, partner at Bristol-based IFA Kohn Cougar, said since there was a dearth of natural resources and global equity income funds, new vehicles in those areas would be welcome.
"There aren't that many, so if they have something significantly different, then great."
But Mr Evans warned it would be difficult to bring new propositions to the well-populated global growth and US equity arenas.
"The UK market is pretty saturated as it is, and Dundee Wealth hasn't got a big name in the UK," he said.
