New offerings for American equity investors were among a series of fund launches last week.
Schroders added to its Alpha Plus range with the launch of Schroders US Alpha Plus fund for Joanna Shatney, its head of American large-cap equities.
This was joined by the launch from Deutsche Bank and Omega Partners of the mid and large-cap biased DB Platinum Omega fund and a similar launch by Natixis Global Associates – the Harris Associates Concentrated US Value fund. (article continues below)
Elsewhere, Investec Asset Management announced the launch of the Investec GSF Emerging Markets Multi-Asset fund, while HSBC has followed its Civets launch earlier this year with the HSBC GIF Frontier Markets fund.
Premier Asset Management unveiled several proposed changes to its fund range, chief among them plans to change the name of the Environmental Power and Water fund to Global Power & Water, and that of the Global Strategic Assets fund to Global Strategic Growth. The changes are subject to approval by investors at a general meeting this month.
King & Shaxson, an investment firm, is to launch a portfolio designed on Quaker principles and overseen by a governance committee consisting of representatives of the Society of Friends. The QPortfolio is aimed at investors with more than £25,000 to place and will be managed by Alan Kirkham.
M&G announced that the recently hired James Tomlin will take over as manager of the European High Yield Bond fund from Stefan Isaacs, who will remain as its deputy manager.