InvestmentsJun 17 2020

Wealth manager launches £20m global equity fund

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Wealth manager launches £20m global equity fund
Mike Deverell, partner and investment manager at Equilibrium Financial Planning
ByRachel Mortimer

A Cheshire-based wealth manager has launched a £20m global equity fund in a bid to target a younger client base. 

Equilibrium Financial Planning hopes its new fund will offer higher levels of long-term investment growth than its existing portfolios.

Mike Deverell, partner and investment manager at Equilibrium, said the fund was targeted at a younger client base as the company moved to broaden its target market.  

Mr Deverell added: "We now have a number of clients who have requirements for some extra growth – they’re slightly younger than our typical client, perhaps in their 40s or 50s, and are focused on longer-term growth rather than keeping risk down and getting solid returns.

"We wanted a better solution for these clients and our clients with a higher risk tolerance, and so we’re launching the global equity fund with £20m to start in order to meet their needs."

But the fund will not be invested 100 per cent in equities, Mr Deverell said. 

He added: "We’ll be aiming for returns similar to the equity market, but with slightly less risk through more diversification - the intention is to have defined returns and a mixture of assets over the long term, utilising products in our other portfolios."

The fund will be managed by the Equilibrium investment team and launched on Monday (June 15). 

The wealth manager saw its assets under management hit £1bn for the first time in January and gained a further £17m assets throughout March and April despite market turmoil fuelled by the coronavirus pandemic. 

Mr Deverell added: "The experience of our advisory and investment teams, coupled with our sharp focus on our values and purpose, have helped to ensure that the business continues to go from strength to strength even in the midst of a global crisis."

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