Sanditon Asset Management has announced details of the TM Sanditon UK Fund which it is set to launch on 22nd June.
The fund, managed by investment manager Julie Dean, will invest in 35 to 65 listed equity securities issued by UK companies. It will sit in the IMA UK All Companies sector.
It seeks to achieve returns of 2 per cent a year in excess of the FTSE All-Share Index over three years.
The fund will continue to follow the firm’s business cycle approach, which is based on active stock selection studying the effect the business cycle has on companies’ earnings growth and their market valuations.
The minimum investment for the class A fund is £20,000 with charges of 0.75 per cent annually.
Sanditon Asset Management chief executive Rupert Tyer says: “Sanditon offers a highly-experienced investment team that has worked together for many years. The launch of this latest fund managed by Julie demonstrates our commitment to becoming a leading UK provider of successful daily dealing Ucits funds.”
AXA Self Investor head of investing Adrian Lowcock says Dean’s focus has typically been on funds that are ignored by the rest of the market but have the potential to change.
“Julie Dean is an experienced and reputable manager who has an excellent track record of in investing in the UK. She has a pragmatic business cycle investment philosophy which requires an understanding where we are in the economic cycle,” he adds.
Sanditon began trading less than a year ago and it is currently approaching £500m of client assets.
Dean joined Sanditon last year from Schroders, joining former Cazenove colleagues Tim Russell and Chris Rice. She previously ran the Schroders UK Opportunities fund.