VAM Close Brothers Cautious fund launched


Following the strategic partnership between VAM Funds and Close Brothers announced in July, VAM Funds has now launched the VAM Close Brothers Cautious Fund.

The Luxembourg-domiciled Ucits fund is the second product to be launched under the VAM Discretionary Funds range, following the establishment of the VAM Close Brothers Balanced Fund in July 2015.

The VAM Close Brothers Cautious Fund offers a multi-asset portfolio, with the equity portfolio set tovary between 20% and 60%, exposure to fixed income and money market instruments may vary between 30% and 80%.

It is available in USD, GBP and Euro share classes, the base currency being denominated in GBP.

The VAM Discretionary Funds range will be completed by the VAM Close Brothers Growth Fund, which is due to be launched before the end of the year.

Nigel Watson, VAM Funds sales director, said: “The response from advisers to the Balanced Fund launch has been extremely positive, with the high levels of fund flows over the traditionally quiet summer period taking us pleasantly by surprise. The strong inflows have continued into the autumn and average subscription levels are considerably higher than usual, suggesting the Balanced Fund is being used, as intended, as a core part of investors’ portfolios.