Duffield's Brompton gears up for multi-manager launches

9 July 2012 | By Rob Langston

Brompton Asset Management, the investment management business launched by former New Star boss John Duffield, is to launch three products, as revealed in this week’s Fund Strategy,

The private client-focused business has kick­ed off the range with the IFDS Brompton Global Income fund, with two further products scheduled for the third quarter of the year.

The IFDS Brompton Global Income fund - the first sub-fund under the Brompton Multi-Manager Oeic umbrella - will aim to achieve an income with potential for capital growth by investing in markets in the UK and overseas. (article continues below)

The launch is designed to meet the needs of its private clients.

The fund will be managed by Brompton’s chief investment officer and head of private clients, Gill Lakin, who joined the firm in 2010 having previously been chief investment officer at Thornhill Investment Management.

According to the fund prospectus, the fund’s A share class will carry a 5 per cent initial charge, a 1.5 per cent investment management charge and an estimated total expense ratio of 2.75 per cent.

Minimum investment in the fund is £1,000. It will sit in the IMA Mixed Investment 20-60 per cent Shares sector.

The company also plans to launch the IFDS Brompton Global Growth and IFDS Brompton Diversified funds. According to the prospectus, the Brompton Global Growth fund will aim to achieve longer-term capital growth investing in the UK and overseas.

The Brompton Diversified fund will aim to achieve long-term capital growth through investment in a diversified range of asset classes.

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