Brooks Macdonald Funds to launch two new Income funds
Brooks Macdonald Funds today announces the launch of two new funds, the Global Equity Income Fund and the Defensive Capital and Income Fund.
The funds are sub-funds of a Dublin-based Open Ended Investment Company (OEIC) and are FCA recognised.
The Global Equity Income Fund (GEIF) will be run by Toby Thompson who has over 20 years’ investment experience managing equity income portfolios for both retail and institutional investors. The new fund will predominantly invest in global equity securities, with the aim of providing income and capital growth, and will utilise the specialist investment expertise and resources of the wider Brooks Macdonald Group.
Toby Thompson comments: “This fund offers investors access to an attractive asset class; high quality, higher yielding equities have a long term record as a strong performing asset class and there is every reason to believe this will continue in the future.”
The Defensive Capital and Income Fund (DCIF) builds on the success of Brooks Macdonald’s £100m Defensive Capital Fund. Like the Defensive Capital Fund, the new fund will be managed by Jon Gumpel, a founder of Brooks Macdonald, and Robin Eggar, and will follow a similar defensive investment strategy whilst also providing an income to investors. Jon has worked in the industry since 1986 and has won a number of investment management awards. Robin has been managing client portfolios and pension funds with a specific focus on defensive assets for 12 years.
Jon Gumpel comments: “DCIF offers risk-averse investors access to an attractive range of defensive assets including structured notes, preference shares and convertible loan notes. The existing strategy has built a strong track record and with the income feature in the new fund we believe it will attract bond investors who want to reduce interest rate risk and combine fixed returns with equity upside.”
Simon Wombwell, CEO of BMF comments: “As a fund management business we are committed to launching new and attractive fund offerings into the marketplace and this extension of our funds proposition widens our offering to a larger investor and adviser base. We look forward to further growing our funds under management.”
For further information please contact:
Simon Wombwell, BMF CEO
T: 020 7499 6424
Julie Serrage, BMF Marketing Manager
T: 0161 870 3860