 |
| |  |
| |  |
| |  |
Ashton Bradbury, the lead manager of the Old Mutual UK Select Mid Cap Fund is planning to step down from his day to day fund management responsibilities to become Head of Equities at the end of 2008. He will continue to provide economic and market
Buy Funds Online Now
Buy your fund from Hargreaves Lansdown and save up to 5.5% on the initial fund charges.
| Popular funds | Initial savings |
Buy fund |
|---|---|---|
| Jupiter Emerging European Opportunities | 5.25% |  |
| Schroder UK Alpha Plus | 5.25% | |
| Neptune Income | 5.00% | |
| Allianz Global Investors RCM BRIC Stars | 4.00% | |
| First State Investments Greater China Growth | 3.75% | |
Investment values can go down in value as well as up and you may get back less than the amount you invest.
Hargreaves Lansdown Asset Management Ltd. is authorised & regulated by the Financial Services Authority.
There will be a gradual handover of the Old Mutual UK Select Mid Cap Fund to Richard Watts, the deputy fund manager. This is not the first time Ashton Bradbury has handed over the baton to a new manager. In January 2004 he handed over the Old Mutual UK Select Smaller Companies Fund to Daniel Nickols, who has continued the fund’s excellent track record.
Daniel Nickols will take over as the head of the Mid and Small Cap team from 1st January 2009 and will also take over the offshore Old Mutual Dublin UK Select Smaller Companies Fund from Luke Kerr. This change will allow Luke Kerr to focus on managing two hedge funds, one which he currently manages in addition to one he will take over from Ashton Bradbury.
We will meet with Richard Watts in due course, but our initial view is that we feel relatively relaxed about this change. We believe Ashton Bradbury has built one of the best UK Mid and Small cap teams in the industry. While he will no longer manage money, he will still be at the firm providing guidance and support to the overall equities team. If our views change, we will of course keep investors updated.
» Key Features of the Old Mutual UK Select Mid Cap Fund
Fund research is provided by Hargreaves Lansdown. Hargreaves Lansdown is an independent broker offering unit trust, stockbroking and other pension and investment services. No news or research item is a personal recommendation to deal.