Global Advisors, the specialist commodities alternative asset manager, has signed a deal with Transact, a portfolio wrap service operated by Integrated Financial Arrangements, to offer IFAs and their clients access to the Global Advisors energy and metals fund.
IFAs can now open a Transact portfolio to invest in the Global Advisors’ offshore fund* on behalf of their clients. Transact then consolidates all investments into one account, with the aim of reducing the administrative costs, and provides “wrappers” in which to hold the investment tax efficiently. Investments into the fund can be held in a pension (personal pension plan, executive pension plan, S32 pension), an offshore bond or a general investment account.
Rus Newton, co-principal of Global Advisors, describes the deal with Transact as a great opportunity for UK-based private investors looking for exposure to commodities alternative investments whilst retaining independent advice and tax efficiency. “We believe commodities will continue to offer great opportunities for investors looking for positive returns that are un-correlated with the major stock or bond markets,” he says.
Malcolm Murray, Head of Sales & Marketing at Transact, added that Transact was the UK’s first IFA-only Wrap Service when it was launched in 2000. “The service is now used by nearly 1000 advisers who have entrusted some 800 million to its administration. We are pleased that advisers are now able to deal in the Global Advisors Energy and Metals fund through Transact.”
Global Advisors uses a diversified strategy that focuses on energy and metals, using both technical and fundamental analysis as well as proprietary technology. It currently manages US$143 million of assets, across its programme for institutional investors, professional investors, funds of hedge funds, and family offices. Global Advisors started trading in September 1999 and has returned 92.73%*** net of fees since inception, and 13.93%*** for 2004 year to date.