New global equity sub-funds

26 Jun 2017 New global equity sub-funds

Last week, the FCA approved our Longview Global Equity and Henderson Emerging Markets sub-funds which will open in July. The current investors in Longview will transition just short of £500m and we had indications of a further £500m of interest from other boroughs. Henderson has indicative interest of £250m based on interest expressed at our recent ‘meet the global equities managers’ day held in May.

We’re working now to prepare our Global Equity Income and Sustainable Equities sub-funds for launch in September, with management delegated to Epoch Investment Partners and RBC. We’ve had encouraging levels of interest shown following the meet the managers’ day so expect the funds to have significant assets invested right from the off.

We’re also in the process of finalising with the Investment Advisory Committee which strategies to go with for the second tranche of global equity sub-funds. At this point it seems likely that low volatility and low carbon strategies will be part of the mix and we’ll arrange for strategy presentations in the early autumn so that everyone has the opportunity to contribute to the final decision.

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