InvestmentsMay 2 2013

F&C to launch global small cap fund

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ByNick Reeve

F&C Asset Management is to launch a Global Smaller Cap Equity fund at the end of June in response to increasing investor demand for smaller companies-focused products.

Subject to regulatory approval, the fund will be based in Luxembourg and run by Catherine Stanley, who runs the £92.5m F&C UK Smaller Companies fund.

F&C said the fund would aim to outperform the MSCI World Small Cap index on a rolling three-year basis.

Martin Smith, head of product management at F&C, said: “Against a supportive economic backdrop, and with IPO activity in the small cap sector intensifying, the fund will provide simple and cost-effective one-stop access to what we believe to be the very best smaller companies drawn from across the world’s major developed markets.”

F&C also runs the £350m F&C Global Smaller Companies investment trust, a mix of direct stock investments and holdings in other smaller companies funds, which is managed by Peter Ewins.