SGAM will double its retail fund range at the end of May, following the conversion of its range of unit trusts to open-ended investment companies (OEICs) over the weekend of the May 22 to 23, a spokesman for SGAM said.
From May 24, retail investors will have access to 20 funds including four new fixed interest funds, a Pacific fund, and a global emerging markets fund. Other inclusions will be two new UK funds – the UK Smaller Companies Fund, which will be run by Richard Staveley, and the UK Specialist 350 Fund which is effectively the UK team’s best ideas fund, the company said. Hari Sandhu will be the named lead manager.
As part of the conversion, the existing retail European fund will change its name and remit to European special opportunities to avoid duplication with the existing institutional fund which will be made available to retail investors. The funds will be run by Matthew Leehman and Stuart Gilmartin respectively, according to SGAM.