Standard Life launches smaller companies fund

Standard Life Investments has announced the launch of a Global Smaller Companies fund to be managed by Harry Nimmo and Alan Rowsell.

Harry Nimmo
Harry Nimmo

The fund, due to launch on January 19, will be jointly managed by Nimmo and Rowsell, head of smaller companies and investment director for the smaller companies division, respectively.

Nimmo says: “Our focus will be on growth markets, business momentum, quality and predictability.

“Sectors featured may include those as diverse as high-quality Indian regional banks, developing retail concepts that work well across the USA and have international potential, businesses that effectively harness the internet to reach customers and companies exposed to changing consumer patterns that come with increased urbanisation in China.”

The “concentrated portfolio” is comprised of 40-80 stocks and will be benchmarked against the MSCI All Country World Small Cap index.

While the general launch is scheduled for January, it is currently available through the Hargreaves Lansdown Vantage platform.

Minimum investment in the fund is £500. It carries a 4% initial charge, an annual management charge of 1.7% and has an estimated total expense ratio of 1.82%.

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