American funds prominent in week of launches

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.